I don't think this proves 5% is not true.
This table shows profitability in that particular quarter, but doesn't take into account how many times an account has been funded.
And where do inactive accounts land - my guess is on the profitable side. How is this calculated is another concern.
Note: most of these brokers' # of accounts are declining. I'm betting that accounts which blow up and closed, aren't even accounted for.
While I don't believe in the 5% figure that gets thrown around, these numbers are likely the absolute best, and they aren't particularly good. If I wasn't already trading profitably, not sure these numbers would encourage me.
Does that mean someone that blows up and closes the account in the same quarter is not reported?
Banks (brokers) always find loopholes in laws, I am sure there is a loophole here to make things look better than they really are.
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Why would I hate it?
Yes, US law is such a high standard...
I'm fascinated why so many people care how the average trader is doing?
Fine if you're looking to enter the biz, but if you're on futures.io (formerly BMT) it's likely too late for you to consider.
I'm far above average and I love the fact only 30% are profitable (even lower when you consider material profitability)
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Note the percentages have dropped at most of the brokers, but I think it's more interesting to look at the total number of accounts. They have dropped dramatically at FXCM and FX Solutions, but have increased at Oanda. Losing a third or half of your accounts in a year seems excessive. Do you think they have actually lost that many accounts? Hmmm.