Latest CFTC Report Shows Retail Forex Funds in US See A 4% Bounce Back in Jan 2025

The US Commodity Futures Trading Commission (CFTC) has released its latest monthly report, which shows that the total volumes of the retail forex funds of six institutions in January 2025 saw a 4.16% bounce back from December last year, with the total figure landing at $511,798,944.

The report covers registered retail foreign exchange dealers (RFEDs) and broker-dealers operating in the US. These include CHARLES SCHWAB Futures & Forex LLC, Gain Capital Group LLC, Interactive Brokers LLC, OANDA Corporation, tastyfx and Trading.com Markets.

In January 2025, the total forex funds held by these six registered brokers amounted to US$511,798,944, which was US$20,458,879 higher than US$491,340,065 from December 2024.

Compared with US$529,721,236 in January 2024, it was down 3.38% Y-o-Y.

The following chart is a all-round overview of the data of the six brokers from February 2024 to January 2025.

Registered Brokers' Performance: All Went up Except for IBKR

Among the six brokers listed, all went up monthly except for Interactive Brokers: CHARLES SCHWAB (2.50%, increasing US$1,490,822), Gain Capital (6.91%, increasing US$13,667,917), OANDA (2.34%, increasing US$3,782,346), tastyfx (13.07%, increasing US$5,237,952) and Trading.com (7.99%, increasing US$168,835).

For Interactive Brokers, the total amounted to US$25,895,570, which is 13.06% lower and $3,888,993 less than last month.

Year-on-Year Changes of the Six Brokers

Compared with the data of the same month last year, three of them have seen yearly rise: CHARLES SCHWAB (0.50%, increasing US$304,888), Gain Capital (3.23%, increasing US$6,611,116) and Trading.com (65.44%, increasing US$902,270).

The below experienced yearly decline: Interactive Brokers (-19.10%, reducing US$6,115,587), OANDA (-5.56%, reducing US$9,755,922) and tastfyfx, which meant IG US a year ago, (-17.88%, reducing US$9,869,057).

About CFTC's Monthly Report

As per CFTC's request, Futures commission merchants (FCMs) and retail foreign exchange dealers (RFEDs) must file monthly financial reports with the CFTC's Market Participants Division (MPD) within 17 business days after the end of the month. The report released this month reflects the financial information filed as of February 28, 2025, reflecting the financial situation of the relevant brokers as of January 31, 2025.