NEWS
FX deposits in the USA have seen continuous growth for the fourth consecutive month, based on the latest data from the Commodity Futures Trading Commission (CFTC). In March 2024, retail investor deposits in FX totaled over $549 million, marking a 1.3% increase compared to February figures.
According to CFTC statistics, FX deposits in the US reached $549,389,183 in March 2024, reflecting a notable rise of over $7 million from the previous month’s total of $542,302,015. This surge represents the highest value in over a year, with deposits steadily increasing since hitting a low point in December.
Following a minor dip during that period, deposits have been on an upward trajectory since September 2023 when they hit a low of $516 million.
Gain Capital remains the top-ranked broker, with deposits totaling $208.4 million, despite experiencing a slight 0.5% decrease from February’s $209.4 million. Charles Schwab also saw a marginal decline in FX obligations, dropping by less than $300,000 to $62.4 million.
However, other brokers featured in the report witnessed an uptick in retail deposits. Trading.com recorded the most significant percentage increase, surging by 8.9% to $1.8 million. OANDA reported the largest nominal increase of $4.2 million (2.3%), boosting deposits to $183.9 million. OANDA currently ranks as the second-largest broker in terms of retail forex obligations, following Gain Capital.
