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Screenshot of a breaking news alert e-mail from Q2 2017
United States Retail Forex brokers saw client assets on deposit decrease in August, the increased volatility in July which carried into August, especially after the August 24th “Black Monday” would not explain the decrease. However, July saw a big decrease in assets from prior months which could be explained some profit taking.
The FCM’s reported a combined $533,041,270 million of assets on record as of August 31st which was down 7.4% from July’s reported figures. Moreover, the YoY decline stands at 10.8% from August 2014’s $620 million reported.
The biggest single decline came from Interactive brokers which shed 20.95%. Industry leading FXCM dropped 6.71%, #2 in the USA market, Gain Capital dropped 3.56% and rounding out the top three, OANDA suffered a 4.35% drop.
To see the official numbers from the CFTC, click here.