de | cn | ru
Forex

Brokers News

US forex deposits in May: FXCM retains leader position, Gain Capital outstrips Oanda

The US retail forex market slightly grew in May 2016 from the previous month in terms of client forex deposits, the latest futures commission merchants (FCMs) report of the US Commodity Futures Trading Commission (CFTC) indicated. The total retail client deposits of all forex brokers amounted to $516.2 million in May, which is an increase of 4.7% from a month earlier. The growth is insignificant, considering all five months since the beginning of the year the deposits value was less than 2015’s lowest monthly value of $544.1 million.


Forex Capital Markets, or FXCM, retained its position as the forex broker with the highest client deposits in May, outgrowing the market with a monthly increase of 8.1%. There was a tight competition for the second spot between Gain Capital, the operator of Forex.com, and Oanda. Gain Capital prevailed with a slight bit with a monthly growth of 3.6% to $130.5 million, compared to an increase of 2% to $129.8 million reported by Oanda. As a result, Gain Capital recovered its positions of second to largest after losing it to Oanda in the preceding month.


All three forex brokers posted an increase in client assets, both on a monthly and an annual basis. Over the month, FXCM saw the highest increase, while Oanda reported the highest growth of 14.8%, just 0.01 percentage point ahead of Gain Capital.


Following are details about the three brokers’ client deposits in May 2016:

 

  FX Deposits May '16
(million)
 

FX Deposits Apr '16
(million)
 

Change  MoM

 
FX Deposits May '15
(million)
 
Change  YoY

 
FXCM $182.1 $168.5 +8.1% $172.8 +5.4%
Gain Capital $130.5 $126.0 +3.6% $113.8 +14.7%
Oanda $129.8 $127.3 +2.0% $113.1 +14.8%
Total (all US brokers) $516.2 $493.2 +4.7% $568.8 -9.2%

 

Earlier this week, both FXCM and Gain Capital published their June trading volumes. Oanda does not provide such data. FXCM’s retail trading volume slightly went down by a monthly 2% to $275 billion in June, while Gain Capital posted an increase of 3.7% to $231.7 billion. Both brokers posted a double-digit drop on an annual basis.


They both performed better in the institutional segment, reporting significant growth on the month and over the year. FXCM’s trading volume from institutional clients was $57 billion and that of Gain Capital amounted to $212.3 billion.

 

  FXCM Gain Capital
June retail volume $275 billion $231.7 billion
M/M Change -2% +3.7%
Y/Y Change -24% -43.7%

 

TAGS: us  forex deposits  fxcm  gain capital  forex.com  oanda 
Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web $100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus CySec MT4, Web, Gwasy $100 Review Website
Belize IFSC MT4, MT5, Web $1 Review Website
Cyprus CySEC in-house mobile
app
$50 Review Website
Seychelles FinaCom MT4 $10 Review Website

More Forex Brokers News

FxPro hikes margin requirements ahead of Japanese elections

Oct 18 2017 08:25:06

 FxPro, a well-established European forex and CFD broker, announced it is temporarily hiking the margin requirements on some instruments ahead of the Japanese general elections on October 22. The outcome of the vote may affect the financial markets and the available liquidity. Read more

Alpari terminates offering of CryptA Capital cryptocurrency portfolio

Oct 18 2017 07:28:58

 Alpari, one of the larger international forex and binary options brokers, mostly active in Russia, announced it terminates the offering of the CryptA Capital cryptocurrency investment portfolio. Read more

FxOpen expands platform offering with MetaTrader 5

Oct 17 2017 09:09:15

 FXOpen, an ASIC and FCA-regulated forex and CFD broker announced it is adding the increasingly popular trading platform MetaTrader 5 to its offering. It provides access to ECN trading and interbank liquidity. Read more

Forex

Grand Capital launches Serenity Financial - blockchain-based arbitration forex platform

Oct 16 2017 07:40:20

 Forex, CFD and binary options broker Grand Capital  announced it has launched Serenity Financial – a blockchain-based secure forex marketplace for traders and brokers. Read more

Saxo Bank adds Ethereum tracker ETNs

Oct 12 2017 15:27:58

Saxo Bank, a major Danish financial services provider and forex broker, announced it is adding Ethereum Exchange Traded Notes (ETNs) to its asset list.   The new instruments are in addition to the Bitcoin tracker ETNs earlier and are all listed on Nasdaq OMX Stockholm. Read more

CySEC withdraws suspension of OptionRally's license

Oct 12 2017 12:13:20

 The Cyprus Securities and Exchange Commission (CySEC) has announced its October 2 board decision to withdraw the suspension of the license of the binary option broker OptionRally. Read more

FxPro gets Dubai license, to open office there – media

Oct 11 2017 10:25:02

FxPro, a well-established European forex and CFD broker, has obtained a license from the Dubai Financial Services Authority (DFSA) and will open an office in Dubai shortly, reports LeapRate. Read more

CMC Markets opens office in Shanghai – media

Oct 11 2017 08:46:29

CMC Markets, a major global forex and CFD broker, has opened an office in Shanghai, reports the site Finance Magnates. The broker already has an office in the capital Beijing, supported by the team in Australia.   The new office will help CMC Market expand and strengthen its presence in China. Read more

Harborx to showcase its in-house trading app at FinovateAsia 2017

Oct 10 2017 12:03:25

CySEC-regulated forex broker Harborx is among the selected presenters at FinovateAsia 2017, one of Asia’s premier fintech events to be held on November, 7-8 in Hong Kong. Read more

Tickmill jumps the Bitcoin bandwagon

Oct 10 2017 10:25:33

Hardly a day goes by, without a forex broker joining the Bitcoin mania and starting to instruments involving digital currencies. Today’s news is about the global NDD brokerage Tickmill, which announced it is adding the most popular cryptocurrency, Bitcoin, to its trading instrument list. Read more

Forex
de | cn | ru