Brokers News

Gain Capital registers an increase in client assets in September

Nov 04 2016 09:16:28 GMT
By
Stanimir Zhelev , ForexBrokerz.com Find me on Google+

According to the latest monthly report of the Commodity Futures Trading Commission (CFTC) on client assets handled by the few brokers left to operate in the US, Gain Capital handled a total of $130,430,508 customer obligations. The figure represents a slight increase of 0.7% from previous month and a jump by 12.8% compared to a year earlier.

Nonetheless, the brokerage famous for operating the retail brand Forex.com, is still third-largest FX broker by client deposits. In August, Gain Capital was outperformed by Oanda, which become the second largest US broker in terms of retail deposits for a second time this year (the first was in April). The two peers may swap places once again, as in September Oanda saw a slight decrease of 2.5% over the month and its advantage over Gain Capital amounts to around $1.2 million.

Meanwhile, FXCM still holds the leading position: the brokerage handled a total of $180,555,585 client assets, 2.3% higher MoM and 3.7% less compared to the same month a year earlier.
 

Forex broker

Retail forex obligation

Sep ‘16

Retail forex obligation

Aug ‘16

M/M change

Retail forex obligation

Sep ’15

Y/Y change

FXCM

$180,555,585

$176,508,820

+2.3%

$187,415,797

-3.7%

OANDA

$131,618,072

$135,016,717

-2.5%

$100,996,412

+30.3%

Gain Capital

$130,430,508

$129,493,930

+0.7%

$115,599,413

+12.8%

TOTAL

$518,589,446

$519,490,370

-0.2%

$568,306,993

-8.7%

 

The CFTC report also shows that the total number of US retail client deposits stayed relatively unchanged at $518.6 million in September 2016, just 0.2% lower than the levels reached in August.

Lately the US forex market seems to be shrinking. In the past year, a few brokers exited the market, mainly due to the regulatory restrictions imposed. Phillip Capital and IBFX both ceased operations in the US earlier in 2016 and Interactive Brokers no longer offers leveraged forex trading services to US retail clients with less than $10 million in deposited assets as of 1 September, also due to regulatory requirements.

Earlier in October Gain Capital (NYSE: GCAP) reported that both its retail and institutional trading volumes have increased in September 2016. For institutions, the brokerage offers its GTX platform with deep liquidity and low spreads, while retail clients may benefit from the lower costs and great educational resources provided via Forex.com. As a global publicly traded company, regulated in a number of jurisdictions, Gain Capital meets high standards of corporate governance, financial reporting and disclosure. 

 

TAGS: forex.com  gain capital  client assets  client deposits 

More news about FOREX.COM

Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
US, UK, Australia CFTC/NFA, FCA, ASIC MT4, Web,
Mirror Trader,
Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA MT4, Web,
ProRealTime,
2Dealer
$1 Review Website
UK, Cyprus FCA, CySec MT4 $5 Review Website
UK, Cyprus FCA, CySEC MT4, MT5, Web,
cTrader,
SuperTrader,
FxPro Markets
$100 Review Website
Seychelles FinaCom MT4 $10 Review Website
UK, Bulgaria FCA, FSC Web $150 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus CySEC MT4, MT5 $300 Review Website
New Zealand FMA MT4 $1000 Review Website

More Forex Brokers News

Admiral Markets amends margin requirements

Jan 19 2017 14:59:35

Admiral Markets, a European forex and CFD broker, said it is amending the margin requirements on the instruments it offers on some of the live trading accounts.    According to the broker, the changes will apply to all positions opened on Admiral.Markets and Admiral. Read more

eToro takes ETFs to a next level of Copy Trading

Jan 18 2017 15:20:51

Innovative forex broker and social trading network eToro launched a new investment service called CopyFunds, which takes exchange-traded funds (ETFs) to a whole new level.   ETFs allow traders to invest in a whole sector or market trend, not just in one company or commodity. Read more

XM is only forex broker in World Finance 100 2016 list

Jan 18 2017 12:47:05

XM, a European forex broker regulated by UK's FCA and the Cyprus Securities and Exchange Commission (CySEC), said it has been included in the World Finance 100 list for 2016. Read more

Interactive Brokers’ income before taxes increases by 66.2% in 2016

Jan 18 2017 08:39:23

Multi-asset automated brokerage Interactive Brokers (NASDAQ GS: IBKR) announced key financial and trading metrics for 2016 on Tuesday.  Leading US broker and a market maker reported its income before taxes for 2016 came in at $761 million, which is a growth of 66.2% compared to 2015. Read more

Swissquote’s social network Pulse now available on iOS devices

Jan 17 2017 15:06:27

A bank, a major FX and CFD brokerage, as well as a fintech pioneer, Swissquote announced that its recently launched social network, called Pulse, is now available on iOS devices. Read more

Morgan Stanley raises its stake in Plus500

Jan 16 2017 15:31:23

Morgan Stanley, the US multinational financial company who is among the major stakeholders in the London Stock Exchange (LSE)-traded forex broker Plus500 (LON:PLUS) has raised its stake in the company to pass the 6% threshold. Read more

IG urges its clients to take a stand with regards to FCA’s proposals

Jan 13 2017 08:36:04

Major brokerage IG Group (LON:IGG) encourages its clients to share their opinions about the recent proposal from the Financial Conduct Authority (FCA) to raise margin requirements for CFDs and spread betting, among other things. Read more

FXCM sees December, Q4 2016, annual trading volumes fall

Jan 12 2017 14:31:39

FXCM, the leading US forex brokerage saw a double-digit decline in its December retail and institutional trading volumes both on a monthly and annual basis, show the officially released company metrics. Read more

IG Group renames binary options to “Digital 100s”

Jan 12 2017 10:44:34

 IG Group, one of Europe's largest forex, CFD and spread betting (UK only) brokers has rebranded its binary options products and now calls them “Digital 100s”. Read more

It's official: Banc De Binary renounces Cyprus license

Jan 11 2017 12:43:49

 Banc De Binary, the largest and oldest regulated binary options broker has renounced its Cyprus license, several days after the first reports that it is planning to shutter its business and has stopped taking clients from the EU. Read more