FXCM gets another CFTC fine, while Drew Niv leaves FXCM UK board 17 replies
US Forex brokers profitability report for Q1 2011 14 replies
IBfx's Profitability Report 29 replies
Vegas Profitability 3 replies
Risk Multiples and Profitability 1 reply
DislikedMost likely it's interest on the dormant accounts at Oanda.
Oanda's sentiment indicators are some of the best out there, and just as one would expect, the majority of their clientele is near universally on the wrong side of major trends. There's simply no way their overall client base is 50/50 profitable on an active basis, the sentiment indicators show that it would be a mathematical impossibility.Ignored
Profitability by Account Size
http://img808.imageshack.us/img808/9...uitybreakd.png
http://media.dailyfx.com/illustratio..._Picture_9.png
Source: http://www.dailyfx.com/technical_ana...timent=USD/CHFhttp://media.dailyfx.com/illustratio..._Picture_8.png
Source: http://www.dailyfx.com/technical_ana...timent=USD/JPYDisliked
Profitability by Account Size
http://img808.imageshack.us/img808/9...uitybreakd.pngIgnored
DislikedMichael Greenberg ( forexmagnates ) said:
just cleared this with oanda, they counted active accounts only.Ignored
DislikedSo does that mean MB Trading is dishonest, since they only have about 25% ?
Im with TraderKGB on this one.Ignored
DislikedLower costs of trading with Oanda ...EUR/USD 0.9 spread , around double that with MB
It's a combination of factors ;lowest costs of trading, no stop running and other bucketshop games, interest, leverage "only" 50:1(attracts less gambling orientated traders)Ignored
DislikedHi techno,
These are good questions, and at FXCM we are planning to go deeper into the numbers and making them publicly available to give you more insight....Ignored
Dislikedwheres at the competition inactive accounts are breakeven (and thus - according to cftc regs - counting as unprofitable).Ignored
DislikedInteresting. How is it that the lowest level (27.89%) is still higher than the overall FXCM numbers reported on forexmagnates for FXCM (23%)?Ignored
Dislikedhey KGB,
The breakdown for profitability by account equity is displaying the monthly average over the past year. Whereas the numbers on forexmagnates is the most recent quarterly figure.
-JasonIgnored
DislikedFunny you say that, I'm seeing a lot of banner ads just now on this site for them.Ignored
DislikedHey Jason...would you enlighten us about what was the criteria used to output "percentage profitability"?
Using round numbers, when you guys say that 30% make money and 70% don't ( out of a certain number of accounts)...... are you guys using individual physical accounts count or aggregated output?
Out...Ignored