October's data showed a slight rebound from September's lows.
Trading.com experienced the most significant percentage increase in the deposit's value.
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).
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.
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).
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.
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.
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.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
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Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa