Financial and Business News

Retail Forex Deposits in US Experience Marginal Rise to $518 Million

Tuesday, 12/12/2023 | 09:20 GMT by Damian Chmiel
  • October's data showed a slight rebound from September's lows.
  • Trading.com experienced the most significant percentage increase in the deposit's value.
Photorealistic image of the CFTC logo. Surrounding the logo, various currency symbols

Retail forex (FX) deposits of six brokers operating in the U.S. saw a modest increase in October, rebounding from a September low. However, the total of $518.4 million remained among the lower figures in recent months. This update comes from the latest data published by the Commodity Futures Trading Commission (CFTC), which showed a rise of 0.4% from $516.3 million.

US FX Deposits Rebound in October 2023

According to CFTC regulations, each Retail Foreign Exchange Dealer (RFED) and Futures Commission Merchant (FCM) must report their financial positions monthly to the CFTC, including adjusted net capital, customer assets, and total retail forex obligations.

Retail forex obligations represent the total funds an FCM or RFED holds, comprising all money, securities, and property deposited by a retail forex client across one or more retail forex accounts, adjusted for realized and unrealized net profit or loss.

Among the 62 registered FCMs and RFEDs, six firms disclosed data on obligations . As usual, Gain Capital held the largest position, with deposits valued at $193.8 million. OANDA followed with $164.41 million, and Charles Schwab was third with $62.23 million. Others in order included I.G. U.S. ($60.52 million), Interactive Brokers ($36.3 million), and Trading.com ($1.1 million).

October
Source: CFTC

The outcome was an improvement not only month-over-month but also year-over-year. In October 2022, the total deposits for brokers were $504.1 million, marking an increase of nearly 3%.

Trading.com Sees Largest Growth

While the market share remained largely unchanged for most retail brokers, Trading.com, the smallest player in the list, saw a significant increase of 11% in deposits from $1.02 million reported the previous month.

The largest player, Gain Capital, experienced a decrease of 1% in deposits, shrinking by nearly $2 million. Charles Schwab also reported a similar loss. I.G. U.S.'s figures remained unchanged, and Interactive Brokers increased their deposits by 1%. In the same period, OANDA's deposits grew by 2% from $160.1 million reported in September.

October 2023
Source: CFTC

Finance Magnates independently examines trends among retail investors. Using insights from CPattern, we present our indicators, tracking historical changes in average deposits, withdrawals, and initial deposits. The latest study highlighted a peak in deposit activity in September and an increase in the average single deposit to $2,135 from $1,855 in August.

Retail forex (FX) deposits of six brokers operating in the U.S. saw a modest increase in October, rebounding from a September low. However, the total of $518.4 million remained among the lower figures in recent months. This update comes from the latest data published by the Commodity Futures Trading Commission (CFTC), which showed a rise of 0.4% from $516.3 million.

US FX Deposits Rebound in October 2023

According to CFTC regulations, each Retail Foreign Exchange Dealer (RFED) and Futures Commission Merchant (FCM) must report their financial positions monthly to the CFTC, including adjusted net capital, customer assets, and total retail forex obligations.

Retail forex obligations represent the total funds an FCM or RFED holds, comprising all money, securities, and property deposited by a retail forex client across one or more retail forex accounts, adjusted for realized and unrealized net profit or loss.

Among the 62 registered FCMs and RFEDs, six firms disclosed data on obligations . As usual, Gain Capital held the largest position, with deposits valued at $193.8 million. OANDA followed with $164.41 million, and Charles Schwab was third with $62.23 million. Others in order included I.G. U.S. ($60.52 million), Interactive Brokers ($36.3 million), and Trading.com ($1.1 million).

October
Source: CFTC

The outcome was an improvement not only month-over-month but also year-over-year. In October 2022, the total deposits for brokers were $504.1 million, marking an increase of nearly 3%.

Trading.com Sees Largest Growth

While the market share remained largely unchanged for most retail brokers, Trading.com, the smallest player in the list, saw a significant increase of 11% in deposits from $1.02 million reported the previous month.

The largest player, Gain Capital, experienced a decrease of 1% in deposits, shrinking by nearly $2 million. Charles Schwab also reported a similar loss. I.G. U.S.'s figures remained unchanged, and Interactive Brokers increased their deposits by 1%. In the same period, OANDA's deposits grew by 2% from $160.1 million reported in September.

October 2023
Source: CFTC

Finance Magnates independently examines trends among retail investors. Using insights from CPattern, we present our indicators, tracking historical changes in average deposits, withdrawals, and initial deposits. The latest study highlighted a peak in deposit activity in September and an increase in the average single deposit to $2,135 from $1,855 in August.

Topics
fcm
forex deposits
deposits
forex
CFTC
About the Author: Damian Chmiel
Damian Chmiel
  • 3143 Articles
  • 98 Followers
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.

More from the Author

Retail FX

Blueberry Broker Review 2026: Regulation, Platforms, Fees & Trading Conditions | Finance Magnates

Blueberry Broker Review 2026: Regulation, Platforms, Fees & Trading Conditions | Finance Magnates

In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles. We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading. You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts. We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services. Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance. 📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage. Connect with us: 🔗 LinkedIn: /financemagnates 👍 Facebook: /financemagnates 📸 Instagram: https://www.instagram.com/financemagnates 🐦 X: https://x.com/financemagnates 🎥 TikTok: https://www.tiktok.com/tag/financemagnates ▶️ YouTube: /@financemagnates_official #Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights

In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles. We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading. You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts. We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services. Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance. 📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage. Connect with us: 🔗 LinkedIn: /financemagnates 👍 Facebook: /financemagnates 📸 Instagram: https://www.instagram.com/financemagnates 🐦 X: https://x.com/financemagnates 🎥 TikTok: https://www.tiktok.com/tag/financemagnates ▶️ YouTube: /@financemagnates_official #Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
More Videos

  • Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy

    Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy

    Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how. Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss: - Exness’s marketing approach in South Africa - What makes their trading product stand out - Customer retention vs. acquisition strategies - The role of local influencers - Managing growth across emerging markets 👉 Watch the full interview for fundamental insights into the future of trading in Africa. #Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates

    Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how. Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss: - Exness’s marketing approach in South Africa - What makes their trading product stand out - Customer retention vs. acquisition strategies - The role of local influencers - Managing growth across emerging markets 👉 Watch the full interview for fundamental insights into the future of trading in Africa. #Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates

  • How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?

    How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?

    Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility. ⚖ Balanced reporting 📞 Right of response 📰 Responsible journalism #FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards

    Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility. ⚖ Balanced reporting 📞 Right of response 📰 Responsible journalism #FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards

  • Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25

    Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25

    Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex. We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry. Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market. We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.

    Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex. We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry. Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market. We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.

  • Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets

    Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets

    According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting. 📰 Verified reporting 🔎 Human-led scrutiny ✅ Facts over noise

    According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting. 📰 Verified reporting 🔎 Human-led scrutiny ✅ Facts over noise