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FXBrokerFeed – First week of April Market Report

Published on: 04/5/19 9:21 AM

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Category: Newsletter

The 2019 second quarter debuts with renewed FX market vibrancy. Forex Broker comparison service FXBrokerFeed brings you yet another incisive weekly report, containing updated news, and trends in the global FX broker market, featuring Interactive Brokers and eToro.

 

Interactive Brokers (IB) Clinches 25% Rise in US Retail FX Funds

 Interactive Brokers overcame consecutive market share drops to rebound with a 25% increase. This has set the tone for 2019 second quarter, with a commanding 42% share of US retail FX market.The impressive feat places IB ahead of TD Ameritrade Brokers, and Oanda Corporation as the US market saw retail FX deposits rise by 4%, to tip over $23 million, and stand at $590 million, going by Commodity Futures Trading Commission (CFTC) indicators.Oanda was able to hold on tenaciously to 36% of US retail FX market share, to maintain the runner-up slot for the period under review, month ending February 28th, 2019. 

eToro

Market leader eToro is at it again adding Tron’s lucrative TRX blockchain token to its burgeoning crypto-assets stable. With daily trading in the region of $58 million, TRX is accepted by major cryptocurrency exchanges, and a host of prestigious third-party wallets.Tron is the 10th largest cryptoasset in the world, and eToro targets to leverage Tron’s blockchain-technology advances in content delivery, and entertainment streaming, with forecasts by 2022 leap-frogging beyond the trillion dollar territory.With this addition to its platform, eToro hopes to provide a wider choice, visibility, and access of lucrative crypto-assets to a rapidly growing global community, of prospective crypto-investors.Investors can now trade TRX on eToro platform, joining the ranks of Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, EOS, Cardano, IOTA, BNB, Classic, Dash, Stellar, NEO, and ZCASH.

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