IG US Continues to Outperform Established Brands in US

The Financial Commission / Media Posts / IG US Continues to Outperform Established Brands in US

The latest data for October 2020 from the Commodity Futures Trading Commission for Futures commission merchants (FCMs) and retail foreign exchange dealers (RFEDs) shows the continued success of IG US LLC – the recently launched US entity of London-based online trading juggernaut, IG Group. At the same time, the data shows a noticeable outflow of customer funds from Interactive Brokers (IBKR), which just yesterday experienced major trading outages affecting equities trading.

IG US was able to raise client funds in the amount of $2,036,138 or 9% month-over-month compared to September 2020. Meanwhile, Interactive Brokers lost $4,678,920 in customer deposits for the same period, or a drop of 7% MoM. Both OANA and TD Ameritrade experienced slight increases in customer assets up 2% and 1% respectively. GAIN Capital Group, now part of StoneX for its part experienced a non-material change in customer assets with a $612,429 decrease.

The overall customer assets picture did not change much from September, as a net $875,902 of new monies was deposited across all registered FCMs in the United States.

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