US retail
foreign exchange (FX) brokers reported a collective increase in customer
deposits for January 2025, with the sector showing signs of recovery after
December’s decline as several major brokers posted significant growth.
US Retail FX Deposits Rise
4% in January 2025
Total
customer assets held by US forex brokers rose 4% to $511.8 million in January from
$491.3 million in December. Despite this monthly improvement, the sector
still faces challenges with deposits down 4% compared to January 2024 levels.
GAIN
Capital solidified its position as the dominant US retail FX broker by customer
deposits, with assets increasing 6.5% month-over-month to $211.5 million. This
represents a modest 3% growth compared to the previous year, suggesting stable
long-term performance despite market volatility .
Charles
Schwab’s forex division showed more modest growth with customer deposits rising
2.4% to $61.2 million. The broker maintained consistent year-over-year
performance with deposits essentially unchanged from January 2024.
Interactive Brokers Faces
Setback While Trading.com Continues Impressive Growth
Interactive
Brokers experienced a significant reversal of fortune in January, with customer
deposits declining 15% to $25.9 million. This
represents also a substantial 24% year-over-year decrease.
OANDA
reported a modest 2.3% increase in customer deposits to $165.6 million, though
this still represents a 6% decline from January 2024 levels.
Trading.com
continued its impressive performance trajectory with a 7.4% monthly increase to
$2.3 million. The broker has demonstrated remarkable consistency throughout the
past year, with deposits up 40% year-over-year, making it the standout
performer in percentage growth terms.
IG US
rebounded strongly in January with an 11.6% increase in customer deposits to
$45.3 million. However, this still represents a 22% decline from January 2024.
Financial Disclosure Rules
for US Forex Brokers
In the
United States, forex brokers must follow strict financial transparency rules
set by regulators. The Commodity Futures Trading Commission (CFTC) requires
Futures Commission Merchants (FCMs) and Retail Foreign Exchange Dealers (RFEDs)
to submit monthly financial reports detailing their financial health.
These
reports must include:
- Adjusted
net capital – the
broker’s available funds after meeting regulatory requirements. - Total
customer funds held
– the amount of client money held by the broker. - Retail
forex obligations –
the total assets managed for clients, including any profits or losses.
This rule
applies to all 62 registered forex firms in the U.S., including well-known
brokers like Charles Schwab, Gain Capital, IG, Interactive Brokers, OANDA, and
Trading.com.
US retail
foreign exchange (FX) brokers reported a collective increase in customer
deposits for January 2025, with the sector showing signs of recovery after
December’s decline as several major brokers posted significant growth.
US Retail FX Deposits Rise
4% in January 2025
Total
customer assets held by US forex brokers rose 4% to $511.8 million in January from
$491.3 million in December. Despite this monthly improvement, the sector
still faces challenges with deposits down 4% compared to January 2024 levels.
GAIN
Capital solidified its position as the dominant US retail FX broker by customer
deposits, with assets increasing 6.5% month-over-month to $211.5 million. This
represents a modest 3% growth compared to the previous year, suggesting stable
long-term performance despite market volatility .
Charles
Schwab’s forex division showed more modest growth with customer deposits rising
2.4% to $61.2 million. The broker maintained consistent year-over-year
performance with deposits essentially unchanged from January 2024.
Interactive Brokers Faces
Setback While Trading.com Continues Impressive Growth
Interactive
Brokers experienced a significant reversal of fortune in January, with customer
deposits declining 15% to $25.9 million. This
represents also a substantial 24% year-over-year decrease.
OANDA
reported a modest 2.3% increase in customer deposits to $165.6 million, though
this still represents a 6% decline from January 2024 levels.
Trading.com
continued its impressive performance trajectory with a 7.4% monthly increase to
$2.3 million. The broker has demonstrated remarkable consistency throughout the
past year, with deposits up 40% year-over-year, making it the standout
performer in percentage growth terms.
IG US
rebounded strongly in January with an 11.6% increase in customer deposits to
$45.3 million. However, this still represents a 22% decline from January 2024.
Financial Disclosure Rules
for US Forex Brokers
In the
United States, forex brokers must follow strict financial transparency rules
set by regulators. The Commodity Futures Trading Commission (CFTC) requires
Futures Commission Merchants (FCMs) and Retail Foreign Exchange Dealers (RFEDs)
to submit monthly financial reports detailing their financial health.
These
reports must include:
- Adjusted
net capital – the
broker’s available funds after meeting regulatory requirements. - Total
customer funds held
– the amount of client money held by the broker. - Retail
forex obligations –
the total assets managed for clients, including any profits or losses.
This rule
applies to all 62 registered forex firms in the U.S., including well-known
brokers like Charles Schwab, Gain Capital, IG, Interactive Brokers, OANDA, and
Trading.com.
This post is originally published on FINANCEMAGNATES.
