Do not invest more money than you can afford to lose.
The deposits of the US retail forex client deposits in April continue their very slow recovery, after the February turmoil caused by the exit of leader FXCM, shows the latest data of the US regulator CFTC.
The total sum held by the four remaining active retail forex brokers in the country: Gain Capital, Oanda, TD Ameritrade and Interactive Brokers at the end of April stood at a little over $524.8 million, up barely 0.1% from March’s $523.8 million. So far, the strongest month of 2017 was January, with $532.4 million and weakest – February, with $507 million.
According to the regulatory filings, on top remains Gain Capital, with $265 million, followed by Oanda, with $169.8 million. When compared to March, Gain Capital has lost 2.6% of its client deposits, while Oanda gained 5%.
After the 5.5% gain in March, the client deposits of third broker on the list – TD Ameritrade – remain flat, at $57.3 million. The data shows that since obtaining its forex license last February, TD Ameritrade is continuing its growth, surpassing Interactive Brokers, which recently has been in a steady decline.
Fourth remains Interactive Brokers with $32.5 million. The broker continues to lose client deposits, but at a slower pace.
Wedbush Securities, which also has a license for a forex broker, continues to be inactive.
