CFTC metrics have been released for the 5 regulated U.S. retail forex brokers, for the month ended January 31, 2020.
Overall, retail customer funds on deposit in the U.S. increased by 2% in January, with 4 brokers increasing their funds on deposit, and Gain Capital (Forex .com) shedding 1% of funds on deposit. Gain is still in the process of being acquired by INTL FCStone.
That 1% decline at Gain caused the broker to slip into the #2 spot (with 37% market share), behind Oanda (with 38%).
The big gainer, percentage-wise, was IG Markets, increasing funds on deposit by a whopping 25% – but, IG (with just a 3% market share) still remains tiny compared to the other 4 brokers.
Interactive Brokers enjoyed a 10% increase in funds on deposit, erasing their 9% decline in December. IB is ranked 3rd (with 12% market share), ahead of TD Ameritrade (ranked 4th, with 10% of the retail market).
Here is a Finance Magnates graphic, with CFTC data for January, as compared to December —
(click the image to enlarge it)
And here’s a link to Finance Magnates’ article, posted today –