US Retail Forex brokers saw client assets on deposit increase in July, the increased volatility in FX markets during summer trading sure played a role in the increased assets on record. This is a positive sign for USA based FCMs on the just-released data from the CFTC after a few months of steady decline.
Overall, Retail FX accounts at US regulated brokers totaled $597.2 million as of August 31st – up 6.4% from June, have we seen a bottom in retail forex assets and a start of a trend up? The lowest point since record keeping began came back in December 2014 when $551 million in assets were reported, we are now sitting $40 million above this summer roughly half a year later.
As far as the individual brokers go, industry leader FXCM Inc (NYSE:FXCM) saw only a quarter percent decline. Gain Capital Holdings Inc (NYSE:GCAP) saw a 3% bump along with OANDA, retaining their #2, and #3 positions. Interactive Brokers Group, Inc (NASDAQ:IBKR) had the largest increase, vaulting back into 4th place again in July with a 57% increase to get back above the $60 million handle.