Breaking: US Retail Forex Funds Grow in February Amid One Off Adjustment

The obligations of retail foreign exchange dealers to their clients have increased by 4 per cent in February amid a one off adjustment to the client funds holdings at Canadian brokerage Wedbush securities. The company's obligations to clients has increased by almost 8 times to over $40 million.

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Looking at the state of the market overall this adjustment contributed to a broad gain of 4 per cent in the total figures for the industry, despite the fact that every single brokerage aside from FXCM has registered a decline in 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 during the month.

In the run-up to the dissolution of the foreign exchange business of IBFX and its sale to OANDA, the firm registered a decline of 12 per cent in February. Other notable laggards were GAIN Capital and Interactive Brokers which both registered about 5 per cent declines.

FXCM has remained solid and has increased its lead in market share numbers to 9 points. The company now holds 34 per cent of the retail forex trading funds in the U.S. with GAIN Capital following in second spot with 25 per cent, while OANDA remained in 3rd spot with 18 per cent. The figures are likely to increase in the coming months as the adjustments related to the exit of IBFX from the market kick in.

OANDA and GAIN Capital are likely to heavily compete in the coming quarter contingent on the ability of OANDA to retain clients who would have to migrate from TradeStation - arguably the biggest perk of being an IBFX trader. OANDA is expected to bring to the market a completely revamped Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term solution in the second quarter of 2016, which could also stir things up.