U.S. Forex brokers drop record 8.2% in assets for January 2016


January data from just released CFTC reports filed by January 31st reveal that Forex brokers within the United States for January dropped 8.9% in assets to fall under the $500 million handle to $499,339,084 from $544,087,054 reported in December of 2015 (see graph above).

Notable changes which recently have occurred in the report is the removal of MB Trading when back in November their retail Forex accounts were moved under GAIN Capital through white label of online discount stock broker TradeKing late in 2015, also the removal of RJ O’Brien (which have helped to contribute to the further falling of assets).

Next month should see OANDA move into second place in asset rank, over-taking GAIN Capital within the USA market as IBFX/MONEX Group FX accounts were sold to OANDA last month.

The big three in the United States for retail based Forex traders remain: FXCM (NYSE: FXCM), GAIN Capital (NYSE: GCAP) and OANDA.

 

mombroker
Wedbush shed 90% of their FX assets for unknown reasons, and Interactive Brokers shed 15% of their FX account assets to end January 2016. The U.S. market continues to consolidate, when will we see new entrants in the Retail Forex market in the ‘States?

Related News

arrow

U.S. Forex brokers drop record 8.2% in assets for January 2016

4

Send this to a friend

Fill out the form below for more information
for lising in LeapRate's Forex Yellow Pages

Please enter the company name, email address to reach you and phone # (optional):

Please fill out the message field to the right for any questions or special inquiry: