Do not invest more money than you can afford to lose.
After in December the combined deposited funds of the clients of all retail forex brokers in the US market fell to their lowest for 2015, they fell further to $ 499.1 million in the first month of 2016, according to data published on Thursday on the website of the US Commodity Futures Trading Commission (CFTC). The figure represents a drop of 8.2% over the month and 12.2% on the year.
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.
Forex Capital Markets, aka FXCM, continues to be a leader in terms of highest retail client deposits with $176.5 million, followed by Gain Capital Markets, which is the owner of Forex.com, and Oanda Corp. with $135.3 million and $97.1 million client deposits, respectively. The broker with the lowest figures was Wedbush Securities, which saw a decline of more than 90% on both monthly and annual basis to $4.3 million. The regulator neither added, nor deleted any forex brokers from its list in January. The forex brokers that were active in January were six, two less than a year earlier.
Earlier this year, some of the brokers reported their monthly metrics for January. FXCM saw its active retail trading accounts going down 3% on the month to 171,895 in January, while Gain Capital Markets posted a monthly decline of 2.2% to 143,766 active OTC accounts. Interactive Brokers, on the other hand, added 3,600 new accounts in January to reach a total of 335,000.
Meanwhile, in the beginning of March Oanda acquired all client accounts of IBFX in the US and in Australia, since the broker had decided to exits the retail forex market.
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