US Forex Deposits Climb in March as tastyfx Leads Broker Rebound

Customer deposits held by US retail forex brokers climbed to $488.59 million in March 2026, a 2.2% increase from February that extended a two-month recovery off the multi-year trough recorded in January.

The latest reading from the Commodity Futures Trading Commission (CFTC) pulls the industry back toward the $500 million mark, although total deposits remain 7.8% below the $530.11 million reported in March 2025.

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The monthly disclosures, drawn from mandatory Futures Commission Merchant (FCM) filings, capture the total retail forex obligations of the six dealers operating in the US market. February data, which followed January's $472.96 million trough, showed an initial $5.2 million bounce off the low, before a larger $10.4 million gain in March.

tastyfx Posts 7% Monthly Jump as Only Big Broker With YoY Growth

tastyfx, the US retail forex brand owned by IG Group, posted the strongest month-over-month gain of any broker in March. Deposits jumped 7.2% to $48.68 million from $45.40 million in February, taking the platform 10.1% above its March 2025 level of $44.20 million.

• US Forex Deposits Drop to Lowest Level in Over Two Years as OANDA Leads Industry Slide
• Interactive Brokers Surges 21% to Lead the US Forex Deposit Recovery
• US Forex Deposits Edge Lower in November as Interactive Brokers Plunges 20%

That puts tastyfx in the unusual position of being the only one of the four largest US forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term brokers showing year-over-year growth. The broker launched Prime accounts in September 2025, offering a 6% promotional yield on cash deposits to professional traders, a feature designed to retain higher-balance accounts.

Parent IG Group confirmed its promotion to the FTSE 100 in the index provider's March quarterly review, and the London-listed broker rebranded its US arm from IG US to tastyfx in 2024.

Gain Capital Holds 43% Share as StoneX Forex.com Climbs Back

Gain Capital, the StoneX-owned operator of the Forex.com platform, retained its dominant position with $209.41 million in March, up 2.7% from $203.87 million in February. The broker held 42.9% of total US retail forex deposits, broadly stable with its January share of about 43%.

But the year-over-year picture remains weaker. March 2026 deposits sat 7.6% below the $226.59 million Gain Capital reported in March 2025, when a dollar slide to a three-year low briefly drove retail activity higher across the industry.

The broker has not exceeded $220 million in any month since August 2025, when deposits peaked at $217.67 million. Through the second half of last year, Gain Capital's monthly readings settled in a $211 million to $217 million range before slipping below $204 million at the start of 2026.

OANDA Stabilizes but Stays Furthest Below Year-Ago Levels

OANDA's recovery has been the slowest of any broker on a year-over-year basis, even as the FTMO-owned platform stopped its multi-month slide.

March deposits of $139.12 million were up 2.1% from February and 4.0% above the $133.74 million reading the broker hit in January, but still 13.8% lower than the $161.44 million OANDA managed in March 2025.

Czech prop trading firm FTMO closed its acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of OANDA from CVC Asia Fund IV in December 2025, and on March 2, OANDA began migrating its proprietary trading clients to the FTMO platform, narrowing the brand's product perimeter.

FTMO co-founders Otakar Suffner and Marek Vasicek took over as co-CEOs of OANDA later that month, replacing the broker's previous chief executive.

OANDA's share of US retail forex deposits has settled at roughly 28.5%, the same band it has held since deposits dropped below $145 million late last year.

Interactive Brokers Breaks the Trend, Posts Only March Decline

Interactive Brokers was the only broker to register a March decline, with deposits falling 9.3% to $29.85 million from $32.90 million in February. The pullback offset most of February's 9.2% gain and continued a pattern of monthly oscillation that has run through much of 2025 and early 2026.

The broker's deposits are down 7.0% from March 2025's $32.10 million, although the comparison is complicated by sharp swings on both sides of the ledger.

November 2025 saw Interactive Brokers' deposits drop 20% in a single month before December's 21% rebound, a level of variability not seen at the other dealers.

The wider business has been growing. Interactive Brokers reported 4.4 million daily average revenue trades in February 2026, a 21% rise year-over-year, with client accounts up 31% over the same period.

Charles Schwab Rebounds, Trading.com Sets Fresh Record

Charles Schwab's forex unit climbed 3.0% in March to $58.43 million, reversing a 3.1% drop in February. The figure remains 7.6% below the $63.24 million Schwab held in March 2025, the broker's highest annual reading.

Trading.com, the smallest broker in the dataset and a subsidiary of the Trading Point Group that also operates XM, posted $3.10 million in March, a fresh record for the platform.

Deposits are up 22.2% year-over-year and have grown by more than $560,000 since March 2025, even as the overall industry has contracted.

US retail forex brokers operating as Futures Commission Merchants or Retail Foreign Exchange Dealers are required to file monthly disclosures of adjusted net capital and total retail forex obligations with the CFTC.

All six firms covered in this analysis remain registered with the agency and in compliance with NFA membership requirements as of the March reporting date.