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Big get bigger, small get smaller in US Retail FX in March
U.S. Retail Forex assets data for March is now out, courtesy of the CFTC, and it shows a few interesting things -- all leading to the conclusion that the US Retail FX industry is becoming increasingly concentrated -- and the US consumer is seeing less and less choice. Fairly difficult and expensive-to-follow US regulations have priced all but the largest US FX brokers out of the market. For some of the specifics (see data table below): Overall, US retail FX clients assets rose 1% in the month from February to $647.9 million -- not really a big deal. But... ... ALL of the large US FX brokers (Oanda, FXCM, Gain ... (full story)