US’ Dec retail forex obligations fall to their 2015 lowest of $544.1 mln

US’ Dec retail forex obligations fall to their 2015 lowest of $544.1 mln

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The US Commodity Futures Trading Commission (CFTC) reported on Thursday the combined deposited funds of the clients of all six retail forex brokers operational on the local market fell in December 2015 to their lowest value for the year of $544.1 million. The figure represents a drop of 4.7% over the month and a decline of 1.1% on an annual basis. The amount includes funds that would be obtained by combining all money, securities and property deposited by a retail forex customer into a retail forex account, adjusted for the realized and unrealized net profit or loss.

In 2015, US retail forex brokers saw their client assets reaching their highest levels for the year of nearly $597.2 million in July.

The best performers in terms of largest retail forex obligations throughout the whole year were Forex Capital Markets (FXCM) and Gain Capital, followed by Oanda.

More details about the 2015 client assets of US forex brokers  follows:  cftc us 2015In December alone, FXCM’s client assets exceeded $175.6 million, or down by a monthly 7%, and those of Gain Capital amounted to nearly $132.8 million, posting a decline of 19% month-on-month. The list of US retail forex brokers also includes Ibfx, Interactive Brokers, and Wedbush Securities. The CFTC neither added, nor deleted any retail forex brokers from its list in the last month of the year. However, in November it removed MB Trading Futures.

In December, Gain Capital handled 146,977 active over-the-counter (OTC) forex trading accounts, while FXCM’s clients operated 177,847 active accounts, according to their monthly reports.

The two brokers published earlier this week their monthly metrics for January 2016. In the first month of 2016, the active accounts of Gain Capital numbered 143,766, and those of FXCM were 171,895.

The CFTC requires all retail forex dealers and futures commission merchants to file monthly financial reports, some of which it makes available to the public.

The CFTC authorizes entities which are active on the financial markets in the US, among which forex brokers, and controls their operations in the country. Unlicensed brokers are not allowed to target US citizens or provide their services in the US.

Source: CFTC

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