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.
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.
