Gain Capital’s Retail FX Deposits Drop $10 Million in August, CFTC Data Shows

[kreslik.news]

Deposits of retail FX traders in the United states, which had grown slightly over the past few months, has cooled off in August as the summer’s low volatility and prolonged strict regulations dampened enthusiasm.

According to the CFTC’s monthly report, the FX funds held at brokerages operating in the country, including FCMs that are registered as Retail Foreign Exchange Dealers (RFEDs) and those included as broker-dealers, came in at $523 million. This figure is $14.8 million or 3 percent lower than the $533.7 million reported in July.

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Data from the US securities regulator also ... (read more)