The U.S. Commodity Futures Trading Commission (CFTC) has released its monthly report for March 2023, showing that retail money deposits at U.S. registered brokers increased by 1.79% compared to the previous month.
The data covers all CFTC registered brokers (FCMs), also known as Retail Transaction Transaction Brokers (RFEDs), and broker-dealers with retail money deposits in the United States, which are six companies: Gain Capital, IG US, Interactive Brokers, OANDA, CHARLES SCHWAB, Trading.com Markets.
According to the CFTC, retail money funds held by these six registered brokers reached $513.4 million in March 2023, an increase of 1.79 percent month-over-month compared to $504.4 million in February 2023. Excluding Trading.com Markets, the other five established brokers recorded $512.5 million in retail currency deposits for the month.
The chart listed below summarizes all the data for six brokers over the last 12 months.
Interactive Brokers continues its growth trend
Interactive Brokers' retail currency deposits continued to rise in March 2023, from $25.6 million in February 2023 to $28.9 million in March 2023, an increase of 12.65% sequentially.
Gain's retail currency deposits increased by $4.8 million to $196.9 million, an increase of 2.5% sequentially compared to $192.1 million at the end of February 2023. Anda increased $4.2 million to $166.6 million, compared to $162.4 million in the prior month, up 2.6% sequentially. Three other brokers, IG US, CHARLES SCHWAB and Trading.com Markets, saw retail currency deposits fall during the month. IGUS fell to $51 million from $53.1 million in the previous month, a decline of nearly 4% sequentially.
CHARLES SCHWAB also fell 1.62 percent to $69.1 million, compared with $70.3 million the previous month. Trading.com
Markets fell 1.88% to $943,044 from $961,117 last month.
Interactive Brokers gains market share
Looking at the market share of these brokers, the distribution in March 2023 changed slightly relative to the previous month.
Interactive Brokers increased its market share by 1% and now stands at 6%. Gain remained the market share leader with a 38% share, unchanged from the previous month. IG US and CHARLES SCHWAB both lost 1% of their market share and now stand at 10% and 13%, respectively.
The market share of both Anda and Trading.com Markets has not changed compared to last month, Anda has 32% share and Trading.com Markets remains less than 1%.
