Exclusive: Clients Profitability Report of 36 Retail Brokers in April, Avg Loss Lands at 73.34%

Fazzaco collected the data of 36 brokers in April 2023. Among them, since OvalX sold its client resources to Capital.com in February 2023, it was replaced by Capital.com henceforth; in addition, Gain Capital's data has been updated to Forex.com's data. See the table below:

Among these 36 brokers, an average of 26.66% of client accounts were profitable this month, while 73.34% of them suffered losses. Among them, Blackwell Global ranked first with a high winning rate up to 56.67%. Darwinex followed closely, with an account winning rate of 42%. Other brokers in the top 5 include FXOpen (40%), Swissquote (38%), City Credit Capital (35.02%) and eToro (33%).

The highest losing rate was Capital Index, with 86.32 people losing money out of every 100 clients. The losing rate of iFOREX Europe (85.37%), Plus500 (84%), One Financial Markets (82.7%), Capital.com (82%), XTB (81%), Pepperstone (80.9%), GBE brokers (80.79%) and Dukascopy (80.02%) all exceeded 80%.

*OvalX has been replaced by Capital.com, so not applicable in the year-on-year comparison.

As can be seen from the table above, compared with March 2023, there are 3 brokers whose client losing rate increased (marked in red), but there are 8 brokers whose rate has decreased (marked in green), and the remaining brokers' data remains unchanged. And compared with April 2022, here are 20 brokers whose losing rate has increased, and 10 brokers whose losing rate has decreased.

It is worth noting that eToro's client losing rate dropped by 14% month-on-month from last month. Swissquote's customer account loss ratio dropped by 19.5% year-on-year from last year.