FXCM Deposits Grow in June, While Those at OANDA and IB Drop

Just after one of the biggest increases in client funds held for foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term trading at Interactive Brokers was registered in May, the figure collapsed in June. Not only did Retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Obligations of the broker give back the previous month’s gains, but also dropped another 15 percent.

The total decline for Interactive Brokers' clients totaled 27 percent, with OANDA shedding 7 percent. The figures have not all been gloom and doom however, the figures for FXCM Inc (NYSE:FXCM) increased by 9.1 percent.

GAIN Capital and the U.S. subsidiary of Japanese Monex Group, IBFX, reported flat figures when compared to the previous month’s values.

Looking at the U.S. market share for the major brokers the decline has moved Interactive Brokers into 6th spot after FXCM, GAIN Capital, OANDA, IBFX and Wedbush Securities.

The leader of the pack, FXCM Inc, which just reported that its revenues per million (RPM) collapsed, and registered almost half a billion of losses in the first half of the year has taken its market share to above one third.

Despite the 7 percent decline for the month of June, OANDA remains in a position to challenge the second spot of GAIN Capital.