There was a broad consolidation for the retail forex industry in November.
Despite the sharp increase in trading activity and trading volumes in November, retail Forex deposits remained flat in the US. The election of Donald Trump that triggered a sharp spike in FX Volatility is yet to materially change the fortunes of retail brokerages.
The effects of the Dodd-Frank Act continue to hamper an industry which was once very vibrant in the US. The total amount of retail forex obligations has reached
[gptAdvertisement]$523 million during the month of November. The figure marks a tiny increase of about $3.3 million amounting to a monthly rise of 0.65 percent.
The funds held at different brokerages in the industry didn’t move sharply, except for Interactive Brokers, where the retail forex obligation future declined almost 13 percent. FXCM marked an increase of 1.6 percent, GAIN Capital’s numbers increased by 1.7 percent, while OANDA’s figure remained flat.
TD Ameritrade was the notable exception on the positive side with funds at the brokerage increasing by just over 5 percent.
Looking at the market share of different brokers, the distribution has remained broadly unchanged. FXCM retained first spot with 34 percent of the market. OANDA and GAIN Capital have remained clinched for second spot. The former is narrowly ahead in this competition with 26 percent of the market, which translates to about $6 million.
TD Ameritrade has increased its market share to 9 percent, which puts the company further ahead of Interactive Brokers with 7 percent.
The final data for 2016 is to be published next month, however no major surprises are expected. This year could bring a major shift in the general direction of the retail forex industry in the US. With Donald Trump promising to change certain aspects for the industry, big banks are the most likely benefactors. Will this translate into better conditions for the retail forex industry? We should know soon enough.
Despite the sharp increase in trading activity and trading volumes in November, retail Forex deposits remained flat in the US. The election of Donald Trump that triggered a sharp spike in FX Volatility is yet to materially change the fortunes of retail brokerages.
The effects of the Dodd-Frank Act continue to hamper an industry which was once very vibrant in the US. The total amount of retail forex obligations has reached
[gptAdvertisement]$523 million during the month of November. The figure marks a tiny increase of about $3.3 million amounting to a monthly rise of 0.65 percent.
The funds held at different brokerages in the industry didn’t move sharply, except for Interactive Brokers, where the retail forex obligation future declined almost 13 percent. FXCM marked an increase of 1.6 percent, GAIN Capital’s numbers increased by 1.7 percent, while OANDA’s figure remained flat.
TD Ameritrade was the notable exception on the positive side with funds at the brokerage increasing by just over 5 percent.
Looking at the market share of different brokers, the distribution has remained broadly unchanged. FXCM retained first spot with 34 percent of the market. OANDA and GAIN Capital have remained clinched for second spot. The former is narrowly ahead in this competition with 26 percent of the market, which translates to about $6 million.
TD Ameritrade has increased its market share to 9 percent, which puts the company further ahead of Interactive Brokers with 7 percent.
The final data for 2016 is to be published next month, however no major surprises are expected. This year could bring a major shift in the general direction of the retail forex industry in the US. With Donald Trump promising to change certain aspects for the industry, big banks are the most likely benefactors. Will this translate into better conditions for the retail forex industry? We should know soon enough.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!