The U.S. Commodity Futures Trading Commission (CFTC) released its monthly report for December 2021, which showed that retail currency deposits increased by 2.15% from $555.8 million in November 2021.
The report covers all broker-dealers of record (FCMs), i.e. retail trade transaction brokers (RFEDs) and broker-dealers holding retail FX deposits in the US, specifically 5 companies: Gain Capital, IG US, Interactive Brokers, OANDA, CHARLES SCHWAB.
Only IG US retail transaction deposits increased
The table below lists all the data released this year. For comparison, we outline the month-over-month changes for the latest two months to illustrate the difference.
According to statistics, in December 2021, these five brokers of record operating in the United States held more than $543 million in currency trading funds.
Retail trading deposits declined at four of the five brokers listed, GAIN (-$1,774,748 or -0.85%), Interactive Brokers (-$744,568 or -1.44%), Anda (-8,733,914 USD or -4.45%), CHARLES SCHWAB (-$904,493 or -1.43%).
Of the five brokers, only IG US saw a slight increase in retail trading deposits, from $35.7 million in November 2021 to $35.9 million in December 2021, an increase of 0.54%.
Anda’s market share declines while IG US’s market share rises
These 5 brokers changed slightly from the previous month in terms of market share. Although IG US had the lowest market share, the company’s market share increased by 1% compared to the previous month. On the other hand, Anda’s market share fell by 1% due to a decline in retail business.
In addition, GAIN still had the highest market share in December at 38%, unchanged from the previous month. The market share of the remaining two brokers also remained unchanged, with IB in fourth place with 9% market share and CHARLES SCHWAB in third place with 11% market share.
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