Gain Capital and Oanda are still the largest brokers in terms of deposits.
However, September's result was the weakest of the quarter.
The last
month of the third quarter proved to be the worst for six registered retail
forex (FX) brokers operating in the United States. According to the latest data
from the Commodity Futures Trading Commission (CFTC) published this week, the
value of client deposits fell to $516.3 million, the lowest in Q2 2023.
CFTC Data Shows FX Deposit
Decline
According
to CFTC regulations, every retail foreign exchange dealer (RFED) and futures
commission merchant (FCM) must report monthly financial positions to the
commission, including adjusted net capital, customers' assets, and the total
amount of retail forex obligations.
Retail
forex obligations represent the total amount of funds held by an FCM or RFED,
which is the sum of all money, securities, and property deposited by a retail
forex customer into one or more retail FX accounts, after adjustments for
realized and unrealized net profit or loss.
Out of 62
registered FCMs and RFEDs, six firms disclose data on obligations. The largest
position is held by Gain Capital, with deposits valued at over $195 million. In
second place is Oanda, with $161 million; in third place is Charles Schwab,
with just under $63 million. Following in order are IG US ($60 million),
Interactive Brokers ($36 million), and Trading.com ($1 million).
The market
share remains relatively unchanged compared to previous months, but the total
amount of retail forex obligations has decreased to the lowest quarter levels.
In July, it was $518.5 million, and in August $525 million.
Despite a
month-over-month decline of over 1.5% to $516 million, compared to September of
the previous year, the indicator recorded a growth of 5.5%, rebounding from
$489.6 million.
How Have Individual
Brokers' Results Changed?
Three firms
recorded declines in FX deposits, although, for Gain Capital, they were minimal.
Trading.com lost 4.5%, while the results of IG US fell the most, with a loss
exceeding 22%, or nearly $7 million.
On the
gaining side, Charles Schwab and Oanda reported marginal gains below 1%, while
Interactive Brokers increased their retail forex funds by nearly 6.5%, or about
$2 million.
Finance
Magnates
independently researches retail investor trends. Employing CPattern's insights,
we showcase our metrics by tracking historical shifts in average deposits,
average withdrawals, and initial deposits. The most recent study highlighted a
peak in deposit activity not seen in the preceding months.
The last
month of the third quarter proved to be the worst for six registered retail
forex (FX) brokers operating in the United States. According to the latest data
from the Commodity Futures Trading Commission (CFTC) published this week, the
value of client deposits fell to $516.3 million, the lowest in Q2 2023.
CFTC Data Shows FX Deposit
Decline
According
to CFTC regulations, every retail foreign exchange dealer (RFED) and futures
commission merchant (FCM) must report monthly financial positions to the
commission, including adjusted net capital, customers' assets, and the total
amount of retail forex obligations.
Retail
forex obligations represent the total amount of funds held by an FCM or RFED,
which is the sum of all money, securities, and property deposited by a retail
forex customer into one or more retail FX accounts, after adjustments for
realized and unrealized net profit or loss.
Out of 62
registered FCMs and RFEDs, six firms disclose data on obligations. The largest
position is held by Gain Capital, with deposits valued at over $195 million. In
second place is Oanda, with $161 million; in third place is Charles Schwab,
with just under $63 million. Following in order are IG US ($60 million),
Interactive Brokers ($36 million), and Trading.com ($1 million).
The market
share remains relatively unchanged compared to previous months, but the total
amount of retail forex obligations has decreased to the lowest quarter levels.
In July, it was $518.5 million, and in August $525 million.
Despite a
month-over-month decline of over 1.5% to $516 million, compared to September of
the previous year, the indicator recorded a growth of 5.5%, rebounding from
$489.6 million.
How Have Individual
Brokers' Results Changed?
Three firms
recorded declines in FX deposits, although, for Gain Capital, they were minimal.
Trading.com lost 4.5%, while the results of IG US fell the most, with a loss
exceeding 22%, or nearly $7 million.
On the
gaining side, Charles Schwab and Oanda reported marginal gains below 1%, while
Interactive Brokers increased their retail forex funds by nearly 6.5%, or about
$2 million.
Finance
Magnates
independently researches retail investor trends. Employing CPattern's insights,
we showcase our metrics by tracking historical shifts in average deposits,
average withdrawals, and initial deposits. The most recent study highlighted a
peak in deposit activity not seen in the preceding months.
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.
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!
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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 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s 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 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s 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 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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
#fmas #fmas24 #fmevents #networking #finance #africa
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
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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