At the end of April, Forex Magnates reported the quarterly US Retail Forex Profitability Report for Q1 2014. Not included was data from CitiFX, which had yet to file their numbers at the time of our earlier publishing. As their business focuses on large-sized accounts and accounts for less than 1% of active traders, Citi’s impact on the overall numbers is minimal and we preferred not to delay the initial publication of the report. With CitiFX numbers out, we now have the final full figures from the US in Q1 2014. During the quarter, CitiFX reported 645 active non-discretionary accounts, which was a 2.1% increase from Q4 2013. Profitability though shrank, as 38% of accounts were in the black, versus 42% the previous quarter.

Adding CitiFX’s figures, average broker profitability was restated to 35.4% versus 35.8%, while weighted profitability (based on calculating per account and not average of brokers) remained at 37.6%. Total active clients were restated slightly higher by 13 accounts to 94,882. Overall, the final figures represented a shrinkage in the size of the US retail market, even as customers performed better. Interestingly, Citi’s figures contrasted that of the overall market as they managed to grow their customer base larger, but more of their traders lost money.

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Previous Reports: Q4 2013, Q3 2013, Q2 2013, Q1 2013, Q4 2012, Q3 2012, Q2 2012, Q1 2012