CFTC Releases Data: Retail FX Deposits Fall 12% at Interactive Brokers in July 2021

The Commodity Futures Trading Commission (CFTC) has published its monthly report for July 2021, revealing a month-on-month decline of 0.2 percent in retail FX deposits compared with the $551.5 million reported in June 2021.

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 fell by $6.5 million, or nearly 12 percent month-over-month. Elsewhere, retail deposits at TD Ameritrade was virtually unchanged from the month prior, coming in at $61.5 million. Gain Capital, IG US and OANDA were the winners, having gained $1.3 million, $1.2 million and $2.8 million of retail assets in July 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 July relative to the month prior. GAIN Capital remained the leader in terms of market share, commanding a 38 percent share, virtually unchanged from June. OANDA also solidified its stance as the second largest in the US with 35 percent market share, while TD Ameritrade retained the third rank with 11 percent. Interactive Brokers and IG US acquired 9 and 7 percent share respectively.

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