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Forex.com reports 31% increase in clients' deposits YoY

The US Commodity Futures Trading Commission (CFTC) published a report on Thursday, according to which registered brokerages’ combined client obligations data decreased significantly both MoM and YoY, by 8.2% and 12.2% respectively.


Comparing the data published on all six US brokers, Forex.com, operated by Gain Capital Holdings, appears to be the best performer MoM, as according to the report its total retail forex client deposits amount to around $135.3 million in January 2016, 1.9% higher than the previous month.


What is more, this figure represents a remarkable increase of 31.2%, compared to January 2015.

 

 

Retail forex deposits Jan ‘16 (million)

 

Retail forex deposits  Dec ‘15 (million)

 

Change MoM

 

Retail FX deposits Jan ‘15 (million)

 

Change YoY

 

Gain Capital $135.3 $132.8 1.9% $178.0 31.2%

TOTAL (all US retail brokers)
$ 499.3 $ 544.1 -8.2% $ 569.0 -12.2%

 

Furthermore, CFTC’s report reveals that Gain Capital’s adjusted net capital amounted to $40.7 million at the end of January, exceeding the required capital of $20 million by nearly $12,9 million.


The broker services both retail and institutional clients and reported increase in both Institutional and Retail trading volumes for January earlier this year. Gain Capital reported monthly retail OTC trading volume of $318.7 billion in January, 12.3% higher from December 2015. Active trading accounts, on the other hand, came in at 143,766, marking a slight decline of 2.2% MoM and an overwhelming 49.5% YoY increase from January 2015.


GAIN Capital Holdings, Inc. (NYSE: GCAP) is the company operating Forex.com and City Index. It is the second largest forex broker in the US in terms of retail forex obligations after Forex Capital Markets (FXCM). It offers a number of trading services to retail and institutional clients, including forex, commodities, and global equities trading. 

 

TAGS: forex.com  gain capital  monthly metrics  forex volumes  trading volumes 

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