American forex traders lose $20 million in September 2011
Every month CFTC publishes Futures commission merchants (FCMs) and
retail foreign exchange dealers (RFEDs) financial data. Amongst other
things CFTC also discloses Total Amount of Retail Forex Obligations –
which is basically the total equity of retail forex traders that broker
holds.
September 2011 report shows that US retail forex traders have lost
about $20 million. This figure however is to be viewed cautiously as
this report just shows changes in total capital and doesn’t specify
reasons for changes. We can assume that the $20 million decrease in
total retail forex obligations mostly came from losses due to high
volatility experienced in September – but we cannot be 100% sure about
all of it. Some brokers like ILQ, Tradestation and FXClub have even
shown an increase in clients equity while brokers like Oanda have
experienced a decrease of over $13 million.
What’s even more interesting is that while September 2011 retail
forex obligations report indicates that many traders lost money in
September, the Q3 2011 US forex brokers profitability report shows the opposite – clients’ profitability is actually up.
| 8.2011 | 9.2011 | change | |
|---|---|---|---|
| ADVANCED MARKETS | 1,527,782 | 1,392,951 | (134,831) |
| ALPARI | 10,829,320 | 10,595,935 | (233,385) |
| FXCM | 145,264,186 | 145,254,197 | (9,989) |
| FXCLUB | 3,097,749 | 4,488,081 | 1,390,332 |
| FXSOL | 17,325,490 | 17,083,483 | (242,007) |
| FXDD | 33,756,982 | 31,758,420 | (1,998,562) |
| GAIN | 97,819,890 | 98,486,559 | 666,669 |
| GFT | 91,754,561 | 83,813,305 | (7,941,256) |
| ILQ | 5,207,838 | 7,819,830 | 2,611,992 |
| IBFX | 31,623,759 | 30,232,166 | (1,391,593) |
| MB | 32,828,208 | 32,593,827 | (234,381) |
| OANDA | 161,477,887 | 148,089,093 | (13,388,794) |
| PFG | 33,991,858 | 33,213,234 | (778,624) |
| TRADESTATION | 37,336,604 | 38,537,987 | 1,201,383 |
| XPRESSTRADE | 578,289 | 936,685 | 358,396 |
| Totals | 711,381,458 | 689,675,561 | (20,124,650) |
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