The CFTC has released FCM Financial Data for the month ended April 30. Five of those FCM’s are the U.S. retail forex brokers we are all familiar with.
Finance Magnates has extracted the customer funds data for these five brokers, and used it to calculate their respective shares of the U.S. retail forex market. The Finance Magnates data appears in the table below.
Here’s a summary of the customer funds data.
Four of the five U.S. brokers increased their holdings of customer funds in the month from March 31 to April 30. Altogether, these four brokers attracted a total of $12.9 million in new customer funds.
However, the fifth broker — Interactive Brokers — shed customer funds on deposit, to the tune of (negative) $16.1 million, making the change in the overall retail forex market (negative) $3.2 million.
This is a mirror-image reversal of the previous month’s data, in which four of the five U.S. brokers shed customer funds, while only Interactive Brokers gained customer funds.
Regarding the changes in the most recent month’s data —
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Gain Capital (forex .com) maintains the #1 position with a 39% market share.
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Oanda continues to run a very close second, with a 37% share.
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Interactive Brokers (now in 4th place) fell slightly behind TD Ameritrade (now in 3rd place), but each of these brokers is still less than one-third the size of either Gain or Oanda.
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IG Markets, the smallest of the five brokers, with a 3% market share, is nevertheless the fastest growing of the group, having added 14% to their holdings of customer funds on deposit in the month of April.
Here is the table prepared by Finance Magnates —
(click on the image to enlarge it)