Do not invest more money than you can afford to lose.
Gain Capital (NYSE:GCAP), which in May returned to the second position among the US forex brokers in terms of client deposits, has also posted the second-highest increase on an annual basis, shows the monthly report of the US Commodity Futures Trading Commission (CFTC).
In May Gain Capital’s total forex obligation (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) reached $130,536,391 – up 3.6% from April and 14.7% higher than last May when it was $113,835,817. On an annual basis only Oanda reported a higher increase – a minimal at that – 14.8%. Nevertheless, Oanda slid back to third position after in April it ranked second in terms of client assets.
In terms of monthly increase Gain Capital, with its 3.6% rise ranks third after the relative newcomer of TD Ameritrade Futures & Forex LLC with 8.4% and FXCM with 8.1%.
In spite the decent performance in terms of client deposits, however, May was a disastrous month for Gain Capital as both its retail and institutional trading volumes collapsed. In June they rebounded on a monthly basis, but were still much worse compared to last June.
According to the filing with the CFTC, as of the end of May Gain Capital had an adjusted net capital of USD 40,886,203 and an excess net capital of USD 13,490,364. Also in May Gain Capital’s institutional unit GTX obtained a registration as a Swap Execution Facility (SEF) with the CFTC.
