Earlier this week, the results of the U.S. retail forex brokers account profitability survey were released. U.S. brokers were asked to reveal their profitability figures, as well as the total number of non-discretionary accounts. What this means is that brokers had to divulge the number of accounts that were profitable.
Why is this report important?
If you ask me, this is a step in the right direction. Financial and regulatory agencies across the globe are working towards establishing a higher degree of transparency in the markets. In the end, it is average Joes like you and me who win, since we can now make better informed decisions.
Below are the results for some of the bigger forex retail brokers in the U.S.
|Broker||% of accounts that are profitable||Total Non-Discretionary Accounts|