Retail forex clients of Interactive Brokers and OANDA performed best in the US during Q4 2015 according to the most recent profitability report.
US retail Forex traders were more profitable at the end of 2015. During the final quarter, 37.4% of traders were profitable on a Weighted Average basis compared to 34.9% in Q3 2015. Non-weighted calculations showed average broker profitability of 35% which was a 3.6% improvement from the poor 31.4% figure in Q3.
While profitability rose, it did little to entice new traders, as total US retail forex traders was at 89.478 active accounts during Q4 2015. The figure was hampered by the exit of MB Trading which had been acquired by TradeKing in August. The figure was a multi-year low in active accounts, with forex traders in the US contracting in 2015 compared to growth in the rest of the world.
During Q4, TradeKing withdrew its Forex Dealer license that it acquired with MB Trading, deciding to operate its forex business on an introducing broker basis and work with GAIN Capital. Adding to the exit of TradeKing/MB Trading was the decline of active US retail forex accounts at OANDA and FXCM of 5.4% and 8.7% respectively.
In terms of individual performers, Interactive Brokers once again led all brokers with total active accounts at 32,956, and was the most profitable with 45% of traders achieving profits. Also, OANDA customers recorded a bounce back. After reporting profitability of 31.4% of accounts in Q3 2015 which had been a multi-year low, 37.3% of customers were in the black for Q4.
Overall, the profitability increase occurred during a mixed environment for the currency markets. The quarter ended with Volatility in December following the FOMC Meeting in the first week of that month. However, activity had been low for October and November.
Previous profitability reports have shown that retail traders have been more successful during low volatility periods. The rationale on improved success is based on a large percentage of retail clients using strategies that focus on buying weak currencies with a goal of rebounds. In slower moving markets, temporary support and resistance levels tend to be stronger which bodes well for price rebounds.
US retail Forex traders were more profitable at the end of 2015. During the final quarter, 37.4% of traders were profitable on a Weighted Average basis compared to 34.9% in Q3 2015. Non-weighted calculations showed average broker profitability of 35% which was a 3.6% improvement from the poor 31.4% figure in Q3.
While profitability rose, it did little to entice new traders, as total US retail forex traders was at 89.478 active accounts during Q4 2015. The figure was hampered by the exit of MB Trading which had been acquired by TradeKing in August. The figure was a multi-year low in active accounts, with forex traders in the US contracting in 2015 compared to growth in the rest of the world.
During Q4, TradeKing withdrew its Forex Dealer license that it acquired with MB Trading, deciding to operate its forex business on an introducing broker basis and work with GAIN Capital. Adding to the exit of TradeKing/MB Trading was the decline of active US retail forex accounts at OANDA and FXCM of 5.4% and 8.7% respectively.
In terms of individual performers, Interactive Brokers once again led all brokers with total active accounts at 32,956, and was the most profitable with 45% of traders achieving profits. Also, OANDA customers recorded a bounce back. After reporting profitability of 31.4% of accounts in Q3 2015 which had been a multi-year low, 37.3% of customers were in the black for Q4.
Overall, the profitability increase occurred during a mixed environment for the currency markets. The quarter ended with Volatility in December following the FOMC Meeting in the first week of that month. However, activity had been low for October and November.
Previous profitability reports have shown that retail traders have been more successful during low volatility periods. The rationale on improved success is based on a large percentage of retail clients using strategies that focus on buying weak currencies with a goal of rebounds. In slower moving markets, temporary support and resistance levels tend to be stronger which bodes well for price rebounds.
Gender Gap in Online Privacy Concerns: Women More Reserved in Sharing Personal Data
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.
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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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
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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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
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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
📣 Stay updated with the latest in finance and trading!
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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
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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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