Retail Forex Funds in US See A 3.43% Decline in Total Volumes Across Nov 2024, According to CFTC Report

The US Commodity Futures Trading Commission (CFTC) has released its latest monthly report, which shows that the total volumes of the retail forex funds of six institutions in November 2024 has seen a 3.43% decline 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, Interactive Brokers LLC, OANDA Corporation, tastyfx* and Trading.com Markets.

* IG US has rebranded to tastyfx in June, 2024

In November 2024, the total forex funds held by these six registered brokers amounted to US$509,735,767, which was US$18,105,889 less than US$527,841,656 from October 2024.

Compared with US$518,196,590 in November 2023, it was down 1.63% Y-o-Y. The following chart is a all-round overview of the data of the six brokers from December 2023 to November 2024.

Registered Brokers' Performance: All went down except Trading.com

Among the six brokers listed, all have seen decline with Trading.com being the only exception (Trading.com went up 4.88%, increasing US$89,209. For the rest, CHARLES SCHWAB (-0.46%, reducing US$1,834,910), OANDA (-2.14%, reducing US$3,719,720) and tastyfx (-22.26%, reducing US$12,256,313)

Year-on-Year Changes of the Six Brokers

Compared with the data of the same month last year, Interactive Brokers and tastyfx both saw yearly decline. The former dropped 21.18%, reducing US$6,877,021, and the latter dropped 24.57%, reducing US$13,937,412.

Trading.com Markets continued to have the biggest yearly growth, up to 43.48%, increasing $582,035. In addition, CHARLES SCHWAB rose 3.28%, increasing $2,047,605; Gain Capital rose 2.6%, increasing $5,182,915, and OANDA rose 2.74%, increasing $4,541,055.

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 December 31, 2024, reflecting the financial situation of the relevant brokers as of November 30, 2024.