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Forex Traders Profitability Report
Updated July 26, 2012
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Forex Traders Profitability Report
July 26th, 2012, 01:43 AM
Manta, Ecuador
Site Administrator
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,465 since Jun 2009
Thanks Given: 33,242
Thanks Received: 101,665
Source: Q2 2012: profitability of forex traders keeps dropping, OANDA back on top | Forex Magnates
Quoting
In Q2 2012 profitability of US forex traders kept dropping albeit the change was less than in Q1 2012: -1.1% and -1.9% respectively.
GFT’s profitability ‘plummeted’ meaning it lost its crown to OANDA again and dropped 5 places in this ranking.
Number of forex accounts dropped by almost 2,000 (excluding
Interactive Brokers which still didn’t report) and the only ones able to grow were Alpari, ILQ, Forex Club and Advanced Markets. It’s possible that May’s
volatility had something to do with this.
For obvious reasons PFG is excluded from this chart..
CitiFX Pro, Interactive Brokers, ILQ and Advanced Markets aren’t considered in the accounts and profitability calculations as their account sizes are either disproportionately big or include other trading instruments (as in Interactive Brokers’ case)
Weighted average calculates the relative change in profitability to reduce impact of smaller brokers
We now have enough data to show a chart of profitability over time (for the 10 brokers and excluding Citi, ILQ, IB
and AM):
Can you help answer these questions
Best Threads (Most Thanked)
July 26th, 2012, 01:51 AM
Bangkok, Thailand
Legendary Hedge Fund Trader
Experience: Master
Trading: ES
Posts: 978 since Dec 2010
Thanks Given: 707
Thanks Received: 2,300
I wonder if they include inactive accounts in these stats that receive interest payment (i.e. accounts without trading happening, but get interest added), so they are not really active, but they are 'positive' because of interest.
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
July 26th, 2012, 01:58 AM
Chicago, IL
Experience: None
Platform: oil super computer
Trading: multiple
Posts: 272 since Jun 2011
Thanks Given: 817
Thanks Received: 433
I don't know if most of those fx only brokers even pay interest
July 26th, 2012, 02:09 AM
Bangkok, Thailand
Legendary Hedge Fund Trader
Experience: Master
Trading: ES
Posts: 978 since Dec 2010
Thanks Given: 707
Thanks Received: 2,300
Includes all the inactive accounts as well .range for the active accounts.
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
July 26th, 2012, 02:25 AM
Manta, Ecuador
Site Administrator
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,465 since Jun 2009
Thanks Given: 33,242
Thanks Received: 101,665
Also includes interest on dormant accounts.
Last Updated on July 26, 2012
