US retail forex client assets fall in Oct 2015

US retail forex client assets fall in Oct 2015

The total amount of retail forex obligations of clients of brokers operating in the US was $568.2 million in October 2015, according to data published by the Commodity Futures Trading Commission (CFTC). 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.

The figure represents a decline of 6.2%, compared to the same period a year earlier, when clients of US forex brokers had retail forex obligations of nearly $605.8 million. Over the month, the amount stayed flattish.

Forex Capital Markets (FXCM) held the largest amount of $182.2 million of total client assets in October. Next on the list were Gain Capital Group and OANDA Corp with $133.7 million and $101 million worth of retail forex client assets.

The worst performs was RJ Obrien Associates, which had a total retail client assets of $4,208 in October.

Details about client assets on deposit to retail forex brokers in the US follow (in $):

US Oct 2015 snapshot

The brokers KCG Americas and Institutional Liquidity have stopped offering retail forex trading services to US citizens since last October, while Wesbush Securities was the only retail broker to start operations in the past year.

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

Source: CFTC

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