Fazzaco Reports: Client Account Profit/Loss Ratio of 29 Brokers in October 2024

Fazzaco collected the data of profit/loss ratio of client accounts from 29 brokers in October 2024. The specific data are shown in the table below:

Among the 29 brokers this month, an average of 27.96% of client accounts achieved profits, while 72.04% of client accounts suffered losses. Compared with the average data in September 2024, the winning rate of client accounts decreased by 0.38%.

Among them, Hantec Markets ranked first with a 39% profit rate of client accounts. Gildencrest Capital comes right after with a 36.07% profit rate. Followed by TradeView Markets and FXCM, both fall at a 36% profit rate.

Other brokers that have 30% or more of client accounts winning money include Admirals and ADSS (33%), Earn (31.07%), as well as ActivTrades, City Index, CMC Markets, Markets.com and IG Group (31%); FXDD (30.3%), Valutrades (30%).

The highest loss rate of client accounts went to Capital Index, with 85.32 out of every 100 clients losing money. In addition, FxPro (83%), Capital.com (82.67%), and Plus500 (80%) all had 80% or more of client accounts losing money.

From the table above, it can be seen that compared with September 2024, among the 29 brokers this month, 9 have seen lower client accounts losing rate (marked green), while 8 saw higher losing rate (marked red). iFOREX Europe saw a 7.02% reduction in their losing rate, which is the highest.

In terms of year-on-year, compared with October 2023, among the 28 brokers (excluding TradeView Markets), a total of 14 had a lower year-on-year loss rate (marked green), 10 brokers had a higher year-on-year loss rate (marked red), and 4 remained unchanged. Among them, the brokers with significant changes include: One Financial Markets (down 10.3% year-on-year) and Valutrades (up 16% year-on-year).