Great news and falls within my expectations. Always thought that the assumption of 99.99% lose money is an overkill. If that's the case, we should not see so many experienced users in all the forums around.

Also, read somewhere that the edge for Casino is only 5 to 10%, meaning they have 55:45 ratio or 60:40 ratio. With that, they are making billions.

So, Fx brokers making a winning ratio of 63:37 is a good point. (at least not 99% as many claims) (means their business is better than the casino)

Another good point is 97% of the customers are retail.

found the orginal statement here;
https://asic.gov.au/about-asic/media-ce ... practices/

The ASIC report;