February data from just released CFTC reports filed by April 1st reveal that Forex brokers within the United States for February in total increased assets by 15% to get back above the $500 million handle to $544,087,054 from the $499,339,084 low point reported in January. (see graph above).
Notable changes which recently have occurred in the report is the removal of MB Trading when back in November their retail Forex accounts were moved under GAIN Capital through white label of online discount stock broker TradeKing late in 2015, also the removal of RJ O'Brien (which have helped to contribute to the further falling of assets).
Why the major snapback?
The February report saw the removal of IBFX as their FCM license in null after selling their accounts to OANDA. Also Febraury saw Wedbush replenish assets from barely reporting any in January, leading to the record low month. Finally, the February report takes into account INTL FCStone client assets, who was missing from prior reports. It looks like we are yet to see the $30-40 million in assets show up under OANDA's data from the aforementioned deal with IBFX accounts.
The big three in the United States for retail based Forex traders remain: FXCM (NYSE: FXCM), GAIN Capital (NYSE: GCAP) and OANDA.
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