Brokers News

Forex.com Maintains Its Spot in Top 5 of US Retail Brokers

Apr 22 2013
By Forexbrokerz.com

The US retail traders profitability report for the first quarter of the year is out and we can hear the market sigh in relief that things are really picking up. Out of the 11 brokers still remaining on the market after the exit of FX Sol and GFT at the end of 2012, only two have lost accounts, and three brokers' customers are slightly more profitable than during the previous quarter.

The total number of registered US retail accounts has reached 99,207 with the following brokers in the five leading spots:

1. Oanda (22,121 accounts);

2. FXCM (21,775 accounts);

3. Interactive Brokers (19,666 accounts);

4. Forex.com (12,384 accounts); and

5. IBFX (9,792 accounts).

Here is the full report:

Gain Capital's Forex.com is one of the two brokers recording the biggest growth in account numbers – 1,818 or 17.2% compared to the previous quarter. This is not surprising, keeping in mind that precisely Forex.com was the company to get its hands on GFT's and FXSol's client bases after the two brokerages withdrew from the American market. In February, the broker reported a 0.2% decrease in the amount of customer assets kept with it, and got us a tiny bit worried, but apparently things are good there and there is no reason to be concerned – unless you're FXCM, of course. If you have been following the forex industry developments, you know that at the beginning of the month FXCM offered to buy out Forex.com, and the later stroke back putting into effect a Shareholder Rights Plan, possibly hoping to get more money out of the deal – if the deal even takes place.

The other broker that recorded growth in account numbers was Interactive Brokers – in Q1 of 2013 the broker held 17.7% more accounts than in Q4 of the previous year. While this sounds quite promising, we should not forget that the February data about the company wasn't good at all, showing a 22% decrease in customer assets held with the broker. Together with the increase in the number of accounts registered with the broker leads me to believe that the average account size has dropped significantly.

About GAIN Capital

GAIN Capital Holdings, Inc. (NYSE: GCAP) is a global provider of online trading services. GAIN's innovative trading technology provides market access and highly automated trade execution services across multiple asset classes, including foreign exchange (forex or FX), contracts for difference (CFDs) and exchange-based products, to a diverse client base of retail and institutional investors.

Through our retail brand, FOREX.com, we provide retail traders around the world with access to a variety of global OTC financial markets, including forex, precious metals and CFDs on commodities and indices. GAIN Capital also operates GTX, a fully independent FX ECN for hedge funds and institutions; Open eCry (OEC), an innovative online futures broker; and GAIN Securities, Inc. (member FINRA/SIPC) a licensed U.S. Broker-dealer.

GAIN Capital and its affiliates have offices in New York City; Bedminster, New Jersey; London; Sydney; Hong Kong; Tokyo; Singapore; Beijing; and Seoul.

TAGS: Forex.com US retail forex forex profitability Interactive Brokers Oanda FXCM

More news about Forex.com

FOREX.com announced important updates to its Web Trading platform Jan 25 2019 15:13:43
UK branch of Forex.com expands portfolio, launches new platform Nov 07 2017 14:43:08
Forex.com hikes EUR pair margins ahead of German elections Sep 15 2017 09:34:25
Gain Capital's August trading volumes pick up Sep 12 2017 08:32:50
Forex.com launches money transfer service for UK clients Aug 30 2017 09:12:33

Broker	Advantages
	FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.


	XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
	FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
	FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
	FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
	FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
	HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.

Broker	Country	Regulation	Platform	Min Deposit	Review
	Cyprus, UK, Mauritius	CySec, FCA, FSC	MT4, MT5, Web	$10	Review Website
	Cyprus, SVG	CySEC	MT5, Web, cTrader	$100	Review Website
	Australia, Cyprus	ASIC, CySEC	MT4, MT5, Iress	$100	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, MT5	$5	Review Website
	UK, Australia, South Africa	FCA, ASIC, FSCA	MT4, Trading Station, NinjaTrader	$50	Review Website
	UK, Cyprus, UAE, South Africa	FCA, CySEC, DFSA, FSB	MT4, MT5, FxPro Markets, cTrader	$100	Review Website
	Cyprus	CySEC	MT4, MT5, Web	$1	Review Website
	Belize	IFSC	MT4, MT5	$100	Review Website
	Cyprus, UK, South Africa, UAE	CySec, FCA, FSCA, DFSA	MT4, MT5, Web	$5	Review Website
	UK	FCA	MT5	$5	Review Website
	UK	FCA	MT4, Web, MT4 for Mac	$100	Review Website

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