US retail forex brokers have issued their figures of client profitability and active account numbers for Q1 2014. During the quarter, 37.6% of traders were profitable, a 4.1% increase from Q4 2013.
US retail Forex brokers have issued their figures of client profitability and active account numbers of non-discretionary accounts for Q1 2014. During the quarter, 37.6% of traders were profitable, a 4.1% increase from Q4 2013. The advancements in client performance occurred across the board, with Interactive Brokers being the sole broker to report its Forex customers having experienced a decline in profitability.
The more positive climate in trading though did little to help brokers expand their customer numbers, as the amount of non-discretionary traders placing trades during the quarter contracted by 1.8% to 94,869. The figures represent a multi-year of active retail Forex traders in the US. Some would consider this not surprising given restrictions that have been placed on brokers in the country causing the exodus of numerous firms such as GFT and Alpari. In addition to brokers, increases in regulatory reporting and fees have also made it more difficult for introducing brokers to actively market their services in the US, which in turn reduce Marketing efforts to new forex customers in the country.
Among individual performers, Interactive Brokers (IB) once again took the top spot among major brokers as it had the highest amount of active traders as well as accounts being the most profitable. However, unlike previous quarters when IB outperformed other firms in account growth, its lead was cut in Q1, as active trader numbers declined by 3.6%.
Closing the gap to IB was FXCM and OANDA. With its slight gain of 95 accounts, OANDA registered the largest gain in active customers, as its total US non-discretionary traders grew to 20,341. OANDA’s traders also rebounded in terms of profitability, as 42.2% of account holders registered gains, versus 32.5% in Q4 2013. The Q4 2013 marked a multi-year low at OANDA, which representatives of the firm attributed to unique market conditions which affected their US customers adversely. Also rebounding was FXCM where profitability of US clients rose to 33% after being below the 30% market throughout 2012. However, like the majority of brokers, US client levels at FXCM contracted by 2.0% to 22,226.
Also of note, before deciding to exit the US market, ILQ ended Q1 2014 with 921 clients, 3.9% below the previous quarter. The exit of ILQ and its client base could cause further contraction of overall US active trader numbers during Q2.
(Author's note: CitiFX figures are based on Q4 2013 results as the firm has yet to update their Q1 2014 figures. Due to Citi’s minor impact on overall averages, we went ahead with publishing the report before they filed and will update results accordingly)
US retail Forex brokers have issued their figures of client profitability and active account numbers of non-discretionary accounts for Q1 2014. During the quarter, 37.6% of traders were profitable, a 4.1% increase from Q4 2013. The advancements in client performance occurred across the board, with Interactive Brokers being the sole broker to report its Forex customers having experienced a decline in profitability.
The more positive climate in trading though did little to help brokers expand their customer numbers, as the amount of non-discretionary traders placing trades during the quarter contracted by 1.8% to 94,869. The figures represent a multi-year of active retail Forex traders in the US. Some would consider this not surprising given restrictions that have been placed on brokers in the country causing the exodus of numerous firms such as GFT and Alpari. In addition to brokers, increases in regulatory reporting and fees have also made it more difficult for introducing brokers to actively market their services in the US, which in turn reduce Marketing efforts to new forex customers in the country.
Among individual performers, Interactive Brokers (IB) once again took the top spot among major brokers as it had the highest amount of active traders as well as accounts being the most profitable. However, unlike previous quarters when IB outperformed other firms in account growth, its lead was cut in Q1, as active trader numbers declined by 3.6%.
Closing the gap to IB was FXCM and OANDA. With its slight gain of 95 accounts, OANDA registered the largest gain in active customers, as its total US non-discretionary traders grew to 20,341. OANDA’s traders also rebounded in terms of profitability, as 42.2% of account holders registered gains, versus 32.5% in Q4 2013. The Q4 2013 marked a multi-year low at OANDA, which representatives of the firm attributed to unique market conditions which affected their US customers adversely. Also rebounding was FXCM where profitability of US clients rose to 33% after being below the 30% market throughout 2012. However, like the majority of brokers, US client levels at FXCM contracted by 2.0% to 22,226.
Also of note, before deciding to exit the US market, ILQ ended Q1 2014 with 921 clients, 3.9% below the previous quarter. The exit of ILQ and its client base could cause further contraction of overall US active trader numbers during Q2.
(Author's note: CitiFX figures are based on Q4 2013 results as the firm has yet to update their Q1 2014 figures. Due to Citi’s minor impact on overall averages, we went ahead with publishing the report before they filed and will update results accordingly)
Nomura's Q4 Income Soars 123% on Strong Revenue Growth
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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