CFTC Releases Data: IG US Gains in Retail FX Deposits and Market Share in February 2022

The Commodity Futures Trading Commission (CFTC) has published its monthly report for February 2022, revealing a month-on-month increase of 2.25 percent in retail FX deposits compared with the $529.02 million reported in January 2022.

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 CHARLES SCHWAB Futures & Forex LLC.

Only Interactive Brokers Saw Decrease on Amount of Retail Forex Obligation

The chart listed below summarizes all the data published in the latest 12 months.

For purposes of comparison, the month-on-month change of the recent months has been outlined to illustrate the disparities.

According to the agency, the FX funds held at the five registered brokerages hit over $540.9 million in February 2022. Four of the five brokers listed witnessed an increase in Retail Forex Obligations: Gain Capital ($2,561,699 or 1.21%), IG US ($5,888,170 or 15.62%), OANDA ($4,425,374 or 2.3%) and CHARLES SCHWAB ($347,813 or 0.54%).

Only Interactive Brokers' retail FX deposits notched a fall of 5.84 percent from $22.8 million in January 2022 to $21.5 million in February 2022.

Gain Capital Lose in Market Share While IG US Gains

Looking at the market share of these five brokers, distribution changed slightly in February relative to the month prior.

Gain Capital is still the leading one of 39 percent market share, an decrease of 1 percent compared with the previous month. OANDA has the second largest market share of 36 percent while CHARLES SCHWAB has the third one of 12 percent.

IG US increased by 1 percent in market share to 5 percent. Interactive Brokers has the lowest market share of 4 percent.