Each of the five retail forex brokers registered in the U.S. added client funds to their holdings in the month ended May 31, 2020.
In new client funds added, Gain Capital was the runaway leader dollar-wise, accumulating nearly $7.7 million in new client funds.
IG Markets was the runaway leader percentage-wise, increasing their client funds on deposit by more than 15%.
For the retail forex sector overall, client funds on deposit increased by nearly $18.9 million, a 3.4% increase over totals as of April 30.
Market-shares as of the end of May were similar to market-shares a month earlier.
Gain (38.7%) and Oanda (36%) continue to split the lion’s share of the market between them, leaving only 25.3% of the overall market to TD Ameritrade and Interactive Brokers in the second tier (11% and 10.6%, respectively), and IG Markets in the third tier (at 3.6%).
Here are the client funds data, and the market-share computations, as of May 31, based on the Selected FCM Data just released by the CFTC.
An article published in Finance Magnates today (Friday, July 3), reporting on the May 31 data, contains several factual and numerical errors, including glaring errors regarding Interactive Brokers. Exercise caution, if you consult that article.
The correct figures, per official CFTC data, appear above.