CFTC Releases Data: Gain Capital Loses $6.6 Million in Retail FX Deposits for May 2021

​The Commodity Futures Trading Commission (CFTC) has published its monthly report for May 2021, revealing a month-on-month drop of 1 percent in retail FX deposits compared with the $548.7 million reported in April 2021.

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The report covers data for FCMs that are registered as Retail Foreign Exchange Dealers (RFEDs) and those included as broker-dealers that hold retail forex obligations in the United States, namely Gain Capital Group LLC, IG US LLC, Interactive Brokers LLC, Oanda Corporation and TD Ameritrade Futures & Forex LLC.

Interactive Brokers clients' funds grew by $5.4 million, or nearly 8.7 percent month-over-month. Elsewhere, retail deposits at TD Ameritrade and IG US were virtually unchanged from the month prior, coming in at $61.2 million and $30.6 million, respectively. Gain Capital and Oanda were the only losers, having lost $6.6 million and $5.3 millionof retail assets in May 2021.

The chart listed below summarizes all the data published this year. For purposes of comparison, the month-on-month change of the recent months has been outlined to illustrate the disparities.

Looking at the market share of different brokers, distribution changed slightly in May relative to the month prior. GAIN Capital remained the leader in terms of market share, commanding a 37 percent share, virtually unchanged from April. OANDA also solidified its stance as the second largest in the US with 34 percent market share, while Interactive Brokers retained the third rank with 12 percent. TD Ameritrade and IG US acquired 11 and 6 percent share respectively.