Q3 2012 US Forex Traders Profitability Report

As a Guaranteed Introducing Broker for ILQ (we introduce exclusively to them because we believe they offer a top tier combination of tight spreads and quality executions) we are always excited when ILQ receives positive recognition from the Media.


Courtesy of Forex Magnates, we present you with a copy of the Q3 2012 US Forex Traders Profitability Report:


"Despite the less than volatile Q3 2012 the number of accounts didn’t grow as expected and neither did the traders’ profitability. Apparently low volatility doesn’t necessarily mean improved traders survival.

Not only did one more US broker depart the market today but the total number of US forex traders dropped by over 2,500 while profitability almost didn’t change (+0.3% on average and -0.6% when calculating weighted average). There are still over 100,000 active US forex traders left however this number may go below the 100k mark if the trend continues into the next quarter.

CitiFX Pro is now the number one US forex broker in terms of clients’ profitability with Interactive Brokers and ILQ only slightly behind it. ILQ showed the biggest increase of the quarter when its clients’ profitability jumped by almost 10% placing it third.

Interesting to note is that with the exception of FXCM, the brokers with most profitable clients were the only ones able to grow in terms of accounts."

In terms of new accounts, ILQ grew by 19.6% - almost double that of the nearest competitor.