The average percentage of profitable trading accounts of active Brokers in the FOLLOWME community was 25.5%, an increase of 3% points from the first half of the year. This is despite the fact that the average number of trading accounts has decreased 24.1% to 322 compared with the first half of the year.
A total of 233 Brokers were active in the FOLLOWME community, with approximately 15,000 active accounts and 4.83 million orders.
We are pleased to see this improvement among the brokers in the latest quarter as this will allow our users to benefit from the best traders in the industry. Among them, the profitable accounts ratio of the top five has improved significantly, and GKFX – the best in the group saw an increase of 14% compared with the first half of the year.
In the latest quarter, GKFX had the highest ratio of profitable accounts, at 41.8%, followed by FBS and Swissquote, at 38.3% and 34.6% respectively.
On another note, although IC Markets replaced the regulator in the third quarter, IC Markets has become the most popular trader among the new users on FOLLOWME Trading Community due to its low spreads. It shows that when a new user chooses a Broker, the platform spread is a very important factor.
Among them, the top 20 Brokers saw an average order number of accounts above 110, and the highest is 936, which is an increase from 760 in the first half of the year.
On top of that, we also want to highlight another significant improvement in the efficiency of the copy trade orders handled by these brokers. The total copy trade orders in the third quarter was about 800,000, of which 676,000 were opened and closed within ONE second, accounting for 84.5%, compared with 76.1% in the first half of the year, and this indicated an improvement in their order processing efficiency.