CFTC Data Shows Flat Growth in Retail Forex Deposits for January

The US Commodity Futures Trading Commission (CFTC) has released its anticipated monthly report for January 2021, showing a total positive change of more than 1 percent month-over-month from December 2020.

IG US continued its upward route in retail deposits in January 2021. Specifically, the broker's net balances increased by about $2 million, or nearly 8 percent compared with the previous month, to $26.8 million. As the number was $20.5 million in the same month of last year, the US arm of Europe's largest spread betting provider saw a massive growth of 31 percent in traders' deposits in January on a yearly basis.

Interactive Brokers' (NASDAQ: IBKR) retail Forex deposits have shrunk by $11.6 million, or more than 16 percent, to $58.1 million in January. This stood at $79.3 million in January 2020, representing a significant year-over-year drop of more than 26 percent.

In January, GAIN Capital and OANDA saw an increase of more than $9 million and $5 million respectively, while TD AMERITRADE witnessed a flat growth of less than $1 million.

The chart listed below outlines the full list of all FCMs that held Retail Forex Obligations in the month ending January 31, 2021. For purposes of comparison, the figures have been included against their December and January 2020 counterparts to illustrate disparities.