Gain Capital remains a solid second on US market

Gain Capital remains a solid second on US market

Gain Capital (NYSE:GCAP), the second-largest US forex broker has remained a steady second after FXCM, shows data on February client deposits published on the website of the US Commodity Futures Trading Commission (CFTC).

The monthly report, however, shows that in February the client deposits with the broker dropped by 4.9%, compared to January, to 128.7 million. On a yearly basis, though, the forex obligations – the sum of all money, securities and property deposited by a retail forex client into his/her account, have risen by 18.3%.

At the same time the number of active over-the-counter accounts was 143 673, a little less than in January when they were 143 766. Over the year, however, the number of active accounts rose 47.9%. Gain Capital’s adjusted net capital in February 2016 was $44 961 100.

The data published by the CFTC places Gain Capital consistently at the second place, after FXCM and ahead of Oanda.

In March the broker reported that its over-the-counter (OTC) trading volume in February was $276.3 billion, 13.3% lower than in January.

Gain Capital 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.

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Cyprus, SVG 4.8/5 $100 Click for a special offerWebsite

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