CFTC Report Shows Retail Forex Funds Growth in US Stops, Total Volumes Slightly Drop 0.30% in April 2024

The US Commodity Futures Trading Commission (CFTC) has released its latest monthly report, which shows that retail forex funds in April 2024 stopped increasing, with the total volumes of six institutions dropping a slight 0.30% M-o-M.

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, IG US LLC, Interactive Brokers LLC, OANDA Corporation, and Trading.com Markets.

In April 2024, the total forex funds held by these six registered brokers amounted to US$547,759,474, down 0.30% from US$549,389,183 reported in March 2024.

Compared with US$513,732,526 in April 2023, it was up 6.62% Y-o-Y. The following chart is a all-round overview of the data of the six brokers from May 2023 to Apr 2024.

Registered Brokers' Performance: Three Down, Three Up

Among the six brokers listed, three of them have experienced a less-than-2% drop in their retail forex funds in April 2024, while the other three saw an increase.

CHARLES SCHWAB dropped 1.10% M-o-M, reducing its total by $686,899; Gain Capital dropped 1.95% M-o-M, reducing its total by $4,057,108; IG US rose 1.39% M-o-M, increasing its total by $842,277; Interactive Brokers rose 11.43% M-o-M, increasing its total by $3,677,039; OANDA dropped 0.89% M-o-M, increasing its total by $1,638,943; and Trading.com Markets rose 13.29% M-o-M, increasing its total by $233,925.

Year-on-Year Changes of the Six Brokers

Compared with the data of the same month last year, CHARLES SCHWAB was still the only broker that saw a decline, which is 8.16%, reducing $5,485,662. Among the rest, Trading.com Markets had the highest Y-o-Y growth, rising 126.71%, increasing its total by $1,114,364.

Gain Capital rose 4% Y-o-Y, increasing its total by $7,868,730; IG US rose 5.95% Y-o-Y, increasing its total by $3,451,119; Interactive Brokers rose 15.25%, increasing its total by $4,744,303; and OANDA rose 13.96% Y-o-Y, increasing its total by $22,334,094.

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 May 31, 2024, reflecting the financial situation of the relevant brokers as of April 30, 2024.