U.S. Forex brokers drop record 8.2% in assets for January 2016
Is Forex Trading Halal explained by professional Forex trading experts the “ForexSQ” FX trading team.
Is Forex Trading Halal or Haram?
January data from just released CFTC reports filed by January 31st reveal that Forex brokers within the United States for January dropped 8.9% in assets to fall under the $500 million handle to $499,339,084 from $544,087,054 reported in December of 2015 (see graph above).
Notable changes which recently have occurred in the report is the removal of MB Trading when back in November their retail Forex accounts were moved under GAIN Capital through white label of online discount stock broker TradeKing late in 2015, also the removal of RJ O’Brien (which have helped to contribute to the further falling of assets).
Next month should see OANDA move into second place in asset rank, over-taking GAIN Capital within the USA market as IBFX/MONEX Group FX accounts were sold to OANDA last month.
The big three in the United States for retail based Forex traders remain: FXCM (NYSE: FXCM), GAIN Capital (NYSE: GCAP) and OANDA
Is Forex Trading Halal or Haram Conclusion
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