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 0.4% rise from $516.3 million.
According
to CFTC regulations, each Retail Foreign Exchange Dealer (RFED) and Futures
Commission Merchant (FCM) must report their financial positions monthly to the
Commission, 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).
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 11% increase in deposits
from $1.02 million reported the previous month.
The largest
player, Gain Capital, experienced a 1% decrease 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.
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 0.4% rise from $516.3 million.
According
to CFTC regulations, each Retail Foreign Exchange Dealer (RFED) and Futures
Commission Merchant (FCM) must report their financial positions monthly to the
Commission, 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).
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 11% increase in deposits
from $1.02 million reported the previous month.
The largest
player, Gain Capital, experienced a 1% decrease 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.
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.
