Exclusive: June's Broker Report Shows 5 Brokers Improved Client Profitability

Fazzaco gathered data from 34 brokers in June 2023. City Credit Capital does not have an update on its data, but the broker is still temporarily kept in the list. Darwinex was excluded from the list because it had outdated data and a low account loss ratio, which could skew the average data.

Among the 34 brokers, an average of 25.34% of client accounts were profitable this month, while 74.66% of them suffered losses. Specifically, FXOpen topped the list with a high win rate of 40%. Other brokers in the top 5 were ADS Securities (35%), JFD Brokers (33.14%), ThinkMarkets (33.05%) and Hantec Markets (30.61%).

The highest losing rate goes to Capital Index, with 86.2 people losing money out of every 100 clients. The losing rate of iFOREX Europe (85.37%), Plus500 (84%), One Financial Markets (83.1%), Pepperstone (80.9%), GBE brokers (80.79%) and XTB (80%) all exceeded 80%.

*OvalX has been replaced by Capital.com, so not applicable in the year-on-year comparison.

*HYCM data falls in between 73-76%, with an average of 74.5%.

* Swissquote data falls in between 70-80%, with an average of 75%.

As can be seen from the table above, compared with May 2023, there is only 1 broker whose client losing rate increased (marked in red), but there are 5 brokers whose rate has decreased (marked in green), and the remaining brokers' data remains unchanged. And compared with May 2022, there are 18 brokers whose losing rate has increased, and 9 brokers whose losing rate has decreased.

Notable changes: Dukascopy's client losing rate dropped by 5.35% month-on-month from last month. London Capital Group's client losing rate, however, went up by 1% month-on-month.