According to a new report by Forex Magnates, the number of US forex accounts dropped by 2.5% to 101,020 in Q3 2012. The profitability level remained almost unchanged: +0.3% on average and -0.6% on a weighted basis. Michael Greenberg compiled the data and shows that CitiFX Pro has the best profitability rate, 45%, with Interactive Brokers just behind with 44.6%. Regarding the number of accounts, OANDA has the lead with 22,814 followed by FXCM with 20,071. Volatility has been relatively low throughout most of the period, and especially during the vacation month of August. So far in Q4, volatility hasn’t risen too much. Greenberg notes that lower volatility doesn’t imply higher profitability. It does usually translate into lower volume though. As mentioned here, the FX VIX indicator for volatility is just off its 5 year lows. Will volatility rise after the US elections? Or around the “fiscal cliff” issue? The European debt crisis seems to have a lower impact on currencies than it used to. The world’s most popular pair, EUR/USD, is “incredibly average” as Jamie Coleman shows. Does the low volatility impact your trading? Further reading: Range Trading: Which Pairs Work Best? Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Basics & IndustryForex Industry share Read Next EUR/USD Trading the US Advance GDP October 2015 Kenny Fisher 11 years According to a new report by Forex Magnates, the number of US forex accounts dropped by 2.5% to 101,020 in Q3 2012. The profitability level remained almost unchanged: +0.3% on average and -0.6% on a weighted basis. Michael Greenberg compiled the data and shows that CitiFX Pro has the best profitability rate, 45%, with Interactive Brokers just behind with 44.6%. Regarding the number of accounts, OANDA has the lead with 22,814 followed by FXCM with 20,071. Volatility has been relatively low throughout most of the period, and especially during the vacation month of August. So far in Q4, volatility hasn't… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
