US Forex Brokers' Retail Deposits Drop in November, Gain Capital Still Dominates

Retail FX deposits at brokerages in the US, one of the most developed investment markets worldwide, dropped in November 2022, the Commodity Futures Trading Commission (CFTC) date showed.

The CFTC has published its monthly report, which covers data for FCMs that are registered as Retail Foreign Exchange Dealers (RFEDs) and those included as broker-dealers that hold retail Forex obligations in the United States, namely Gain Capital Group LLC, IG US LLC, Interactive Brokers LLC, OANDA Corporation,?CHARLES SCHWAB Futures & Forex LLC?and the newest comer Trading.com Markets.

According to the CFTC dataset, the FX funds held at the six?registered brokerages hit over $486.1?million in November?2022.?Excluding Trading.com Markets, the retail FX deposits?of the five established brokers reached $485.5?million, a month-on-month increase of 3.6?percent compared with the $503.6 million reported in October?2022.Read More Here