US Forex brokers profitability report for Q3 2011 – OANDA back on top, profitability up

Finally all US retail forex brokers have updated their profitability stats and the result is surprising - overall profitability is

Finally all US retail forex brokers have updated their profitability stats and the result is surprising – overall profitability is up. This is despite the very volatile quarter forex markets have experienced which typically leads to high losses to forex traders. Apparently forex traders coped with this volatility better than I had expected.

Overall result is that most US forex brokers improved in profitability with FXCM jumping as much as 8% in clients’ profitability – perhaps with the removal of positive slippage. OANDA is now the most profitable broker with 35.5% of its clients being profitable in the past quarter. This calculation excluded Advanced Markets which saw profitability jump by no less than 23.8% but considering it had only 45 account – it is insignificant and skews up the data.

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Overall American market growth is simply disappointing as all US retail forex combined have added only 111 accounts in the third quarter of 2011. There are 108,490 active retail forex accounts held with American forex brokers.

* – Average profitability change excludes Advanced Markets

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** – Weighted change excludes Advanced Markets and is a more accurate estimate of the average change for the whole market.

Q2 2011 report can be seen here.

Q1 2011 report can be seen here.

Q4 2010 report can be seen here.

Q3 2010 report can be seen here.

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