Jul 20 2009

Most US Forex brokers gained in May, GFT leads the losers

win lose dice Most US Forex brokers gained in May, GFT leads the losersCFTC issues a monthly report with the financial results of the NFA registered forex brokers amongst others. This allows us to compare the progress (or regress) the brokers make, at least financially.

Comparing the recent May 2009 with April 2009 figures we are able to see that most of the brokers gained capital (some of them had to do that artificially due to the shift from mandatory 15m to 20m in own capital). some brokers like GFT (-$1.3M) lost money.

may2009_brokers

Important to note is that the results reflect US subsidiaries capital only. In case of brokers with multiple subsidiaries like FXCM and Alpari the numbers are significantly higher.

FXDD is not on the list because it still awaits the regulatory approval (Due to the regulatory fiasco I hope for them they’ll make the right decision and withdraw it).

Comments are closed.



Note: Copyright © 2009 Forex Magnates. All rights reserved.
All materials contained on this site are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of Forex Magnates. You may not alter or remove any trademark, copyright or other notice from copies of the content.
All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at Forex Magnates are those of the individual authors and do not necessarily represent the opinion of Forex Magnates or its management. Forex Magnates has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by Forex Magnates, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. Forex Magnates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "Forex Magnates Inc. - Home of the Forex Elite" All Rights Reserved.