According to the US Commodity Futures Trading Commission (CFTC) report on Futures commission merchants (FCMs), FXCM and Gain Capital continue to lead the ranking of retail client deposits, registering $168.2 million and $137.3 million, respectively.
Here are the relevant data about both companies from the CFTC March report:
||Retail FX deposits Mar '16 (million)
||Retail FX deposits Feb' 16 (million)
||Retail FX deposits Mar 15 (million)
|Total (all US brokers)
Retail client deposits of Forex Capital Markets, aka FXCM (NYSE:FXCM) exceeded $168,2 million in March, and although the figure represents a decrease by less than 5% on both yearly and monthly basis, the broker once again retains its leader position.
FXCM`s main competitor, Gain Capital (NYSE:GCAP), on the other hand, saw its retail client obligations rise by solid 25% over the year and by 6.7% compared to a month earlier, coming in at $137.3 million. In fact, Gain Capital is one of the two brokers who registered an increase YoY in March, together with Oanda.
Overall, the report shows that registered brokerages’ combined client obligations decreased slightly on a month-over-month basis and by 11.8% over the year, coming in at $510,7 million.
In fact, the results by both leading US brokers continue the trends marked in February. According to the previous CFTC FCM report, Gain Capital’s clients' deposits in February increased by 18.3% YoY, and FXCM registered a slight decrease by 2.4% YoY in its retail client obligations.
What is more, earlier this week both Gain Capital and FXCM released monthly business metrics for April 2016 and we made a detailed comparison of the financial results of those two leading US brokerages. Gain Capital registered a decrease in both in retail and institutional volumes, while FXCM reported a 6% YoY rise in retail volumes and a significant 83% increase in institutional ones.
FXCM or Forex Capital Markets (NYSE:FXCM) is one of the biggest providers of online foreign exchange trading, CFD trading, spread betting and related services on the global market, servicing institutional and retail clients alike. The company has units registered and regulated with the relevant authorities in the US, the UK, Australia, and France.
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.