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The deposits of the retail clients of the second-largest US forex broker, Gain Capital Group (NYSE:GCAP), exceeded $135 million in January 2016, shows data published on the website of the US Commodity Futures Trading Commission (CFTC). The precise figure is $135 259 767 – an increase of 1.9% month-on-month. The number of active over-the-counter accounts in January was 143 766.
Compared to January 2015, Gain Capital scores the spectacular 31.2% increase in client deposits – the highest among the six US forex brokers year-on-year. As a matter of fact, Gain Capital and IBFX Inc. are the only US forex brokers who posted increase in client deposits, compared to January 2015.
The total retail deposits (a.k.a. forex obligations) amount includes the combined sum of all money, securities and property deposited by a retail forex client into his/her retail forex account with the broker, adjusted for the realized and unrealized net profit or loss.
The January 2016 results place Gain Capital consistently at the second place, behind the leader FXCM ($176.5 million). Third is Oanda Corp. with $97 million in client deposits.
Meanwhile, Gain Capital’s own preliminary results on its January trading volume showed an increase both in retail and the institutional segment. Gain Capital is due to release its February 2016 results on March 15. At the same time, earlier in March, several of its senior employees reported the sales of some of their shares in the broker in order to satisfy tax obligations.
Gain Capital Group was established in 2003 and went public on the NYSE in 2010.
The company serves retail and institutional clients under the trading brands Forex.com, City Index, GTX, and Gain Capital. It is active in North America, Europe and the Asia Pacific regions.
The broker offers trading in forex, commodities, and global equities. Its largest retail forex broker, Forex.com, also offers white label solutions for other forex brokers, operating throughout the world.