Source: Q2 2012: profitability of forex traders keeps dropping, OANDA back on top | Forex Magnates

Quoting 

In Q2 2012 profitability of US forex traders kept dropping albeit the change was less than in Q1 2012: -1.1% and -1.9% respectively. GFT’s profitability ‘plummeted’ meaning it lost its crown to OANDA again and dropped 5 places in this ranking. Number of forex accounts dropped by almost 2,000 (excluding Interactive Brokers which still didn’t report) and the only ones able to grow were Alpari, ILQ, Forex Club and Advanced Markets. It’s possible that May’s volatility had something to do with this. For obvious reasons PFG is excluded from this chart.. CitiFX Pro, Interactive Brokers, ILQ and Advanced Markets aren’t considered in the accounts and profitability calculations as their account sizes are either disproportionately big or include other trading instruments (as in Interactive Brokers’ case) Weighted average calculates the relative change in profitability to reduce impact of smaller brokers We now have enough data to show a chart of profitability over time (for the 10 brokers and excluding Citi, ILQ, IB and AM):

Mike

I wonder if they include inactive accounts in these stats that receive interest payment (i.e. accounts without trading happening, but get interest added), so they are not really active, but they are 'positive' because of interest.

I don't know if most of those fx only brokers even pay interest

Includes all the inactive accounts as well.

That Oanda number used to be over 50%. Down to 36%, including all the inactive accounts.

Probably much more in the 10-15% range for the active accounts.

Also includes interest on dormant accounts.

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