Retail forex deposits across major US platforms slipped 0.8% in November 2025, falling to $495.7 million from October's $499.9 million as the industry posted its third consecutive monthly decline.

The slide extended a losing streak that began in September and pushed total deposits below the $500 million mark for the first time in months. Year-over-year, the industry shed 3% from November 2024's $509.7 million, reflecting persistent headwinds facing currency traders despite pockets of growth at smaller platforms.

Interactive Brokers Suffers Sharp Pullback

Interactive Brokers recorded the month's steepest decline, plunging 20% to $25.7 million from October's $31.0 million. The $5.2 million outflow marked the broker's worst monthly performance in recent periods and wiped out gains accumulated earlier in the year.

Despite the November setback, Interactive Brokers posted a modest 1% year-over-year gain from November 2024's $25.6 million, suggesting the platform retained some longer-term client 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 momentum even as short-term flows reversed.

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Charles Schwab declined 2.4% to $58.5 million from $59.9 million, shedding $1.4 million during the month. The institutional broker faced steeper annual pressure with deposits down 10% from November 2024's $64.4 million, marking one of the sharper year-over-year declines among major platforms.

Smaller Platforms Buck Industry Weakness

tastyfx emerged as November's strongest performer among major brokers, jumping 2.8% to $47.5 million from October's $46.2 million. The $1.3 million monthly gain bucked the broader downtrend and extended the platform's recovery from earlier weakness. Year-over-year, tastyfx posted a 10% gain from November 2024's $42.8 million.

Trading.com delivered the month's most impressive performance with a 16.4% surge to $3.0 million from October's $2.5 million. The $498,000 monthly gain represented the highest percentage increase among tracked brokers.

The platform showed even stronger annual momentum with deposits up 37% from November 2024's $1.9 million, marking the fastest growth rate in the industry.

Market Leaders Show Mixed Results

GAIN Capital held steady with a marginal 0.1% increase to $215.8 million from October's $215.4 million, adding just $316,000 in new deposits. The platform maintained its position as the largest US retail forex broker Forex Broker In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke Read this Term by client funds. Year-over-year, GAIN Capital posted a 5% gain from November 2024's $204.6 million, demonstrating resilience amid industry-wide pressure.

OANDA inched up 0.2% to $145.2 million from October's $144.9 million, gaining $325,000 during the month. However, the broker faced steeper annual headwinds with deposits down 17% from November 2024's $170.4 million, reflecting sustained client fund outflows over the past year.

The November decline continued a pattern that began in September when deposits first turned negative after a brief summer recovery. The three-month slide has now erased gains posted during mid-2025 as traders pulled back from currency positions amid shifting market conditions.