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US forex client deposits: FXCM retains leader position, followed by Gain Capital

According to the US Commodity Futures Trading Commission (CFTC) report on Futures commission merchants (FCMs), FXCM retained its leader position, registering $176.5 million retail forex client deposits. This figure represents the highest score among all six US brokers, although marking a slight decrease YoY by 2.4%.

 

Meanwhile, FXCM’s main competitor – Gain Capital - reports client obligations of $128,7 million, marking a significant increase YoY – by 18.3%. The figure however represents a decrease by 5.1% MoM.

 

  Retail FX obligations Feb ‘16 (million)
 
Retail FX obligations Jan ‘16 (million)
 

Change MoM
 

Retail FX obligations Feb ‘15 (million)
 
Change YoY
 
Gain Capital $128.7 $135.3 -4.9% $108,8 18.3%
FXCM $176.5 $176.5 0.0% $172,3 -2.4%
TOTAL (all US retail brokers) $518.9 $499.3 3.8% $566,8 -8.5%

 

 

Overall, the report shows that registered brokerages’ combined client obligations increased slightly by 3.8% during the shortest month of the year, coming in at $518,9 million. The figure, however, represents a decrease by 8.5% on a Year-on-Year basis.


According to the previous CFTC FCM report, Gain Capital was the best performer MoM ands the only one among all six US brokers, registering a slight increase in retail forex client deposits.


What is more, earlier this year both Gain Capital and FXCM released monthly business metrics for February 2016 and we made a detailed comparison of the financial results of those two leading US brokerages. Gain Capital marked an increase YoY in both in retail and institutional volumes. FXCM, on the other hand, reported a 36% rise in retail volumes on a YoY basis.


GAIN Capital Holdings, Inc. (NYSE: GCAP) is the company operating Forex.com and City Index. It offers a number of trading services to retail and institutional clients, including forex, commodities, and global equities trading in North America, Europe and the Asia Pacific regions. 


FXCM or Forex Capital Markets (NYSE:FXCM) s one of the biggest providers of online foreign exchange trading, CFD trading, spread betting and related services on the global market. The broker is registered with the relevant regulatory bodies in the US, the UK, Germany, Italy and Australia. 

TAGS: fxcm  gain capital  forex.com  us  us clients  us clients deposits 

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