Profitable Accounts per Broker...

[expat1967]

Hi All,

 

Was browsing a bit and found at Oanda the chart below. Wow, is the ratio of profitable accounts really that bad... Ouch...

 

Would be interesting to see, what is manual trading and what is auto/api.

 

http://img201.imageshack.us/img201/8352/25849880.jpg

 

Cheers

[pac]

do you have a profitable honest broker?

[chrisbenjy]

Interesting. Where did you get the data from?

[scarface]

Hi All,

 

Good day,

 

what "expat" said was totally true...

 

Oanda is the only broker who doesn't care about whether you make money or not...

 

Surprisingly, I was about to talk such great broker in my poll topic so I can show you what the most important thing in forex is...

 

FYI, if you scalp with Oanda, you could make a lot of money compared to any other broker...

 

Best wishes,

 

SF

[mlee]

There's been quite heavy discussion on this with the advent of CFTC regulations, since US Brokers are now required to disclose this data.

 

Here are some links that I was reading:

 

http://forexmagnates.com/us-forex-brokers-account-profitability-comparison/

 

And for Oanda specifically -

http://forexmagnates.com/oandas-high-profitability-numbers-explained-include-interest/

[Guest Jayman007]

Oanda does NOT support MT4 as of now.

[Gott]

Oanda is quite good, but I get more profit from Solutions :)

[expat1967]

Hi All,

 

lets see the next quartely figures which should be more comparable as the current and explained in the prior links in detail.

 

I doubt it is much of a broker matter and discussion as long it is not a marketmaker. The listet Brokers care about your trade volume and their related markup on spreads or commissions.

 

Its pointing more towards us traders. Are we really trading that bad? What is causing this? Again, see the ratios next quarter since the calculation methods should be more aligned...

 

I would certainly be more happy if the ratio would be the other way around...

 

Cheers