Retail FX Deposits Held at United States Brokers Drop $13M in August
Information from the United States securities regulator for August 2020 programs that signed up retail FX platforms lost more than $13 million in customers’ deposits, coming in at $556 million. The 2 percent drop came as trading activity rose in other sectors amidst a boom in retail financial investments throughout an extraordinary time for monetary markets.After successive boosts in its market share, Interactive Brokers suffered a drop in retail deposits in August 2020. Particularly, the broker’s net balances reduced by $6.3 million, or 9 percent, to $64.7 million.
