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..
New Cashback Program in FBS TraderGo to article >>
- CitiFX Pro, ILQ and Advanced Markets aren’t considered in the accounts and profitability calculations as their account sizes are big
- 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):
Links to previous reports start here.