Fazzaco Reports: Client Account Profit/Loss Ratio of 30 Brokers in August 2024

Fazzaco collected the data of profit/loss ratio of client accounts from 30 brokers in August 2024. The specific data are shown in the table below:

Among the 30 brokers this month, an average of 27.88% of client accounts achieved profits, while 72.12% of client accounts suffered losses. Compared with the average data in July 2024, the winning rate of client accounts decreased by 0.87%.

Among them, Hantec Markets ranked first with a 40% profit rate of client accounts. Valutrades and FXCM come right after with a 38% profit rate.

Other brokers that have 30% or more of client accounts winning money include TradeView Markets (36%), Gildencrest Capital (35.94%), Admirals & ADSS (33%), One Financial Markets (31.5%), Earn (31.07%), ActivTrades (31%) and IG Group & Tickmill (30%).

The highest loss rate of client accounts went to Capital Index, with 85.32 out of every 100 clients losing money. In addition, Capital.com (83.51%), FxPro (83%), iFOREX Europe (80.22%), and Plus500 (80%) all had 80% or more of client accounts losing money.

*TeraFX has rebranded to Gildencrest Capital.

From the table above, it can be seen that compared with July 2024, among the 30 brokers this month, 9 showed monthly changes. 3 of them had a lower month-on-month loss rate (marked green), and 6 had a higher month-on-month loss rate (marked red), and the rest 21 brokers remained unchanged (or did not update their data in time).

The broker with the most significant month-on-month improvement was FXCM and Hantec Markets, of which the loss rate both dropped 6% month-on-month. The other, ActivTrades, down 1%.

The brokers who saw monthly losing rate rise include Earn, 4.13% up; City Index 2% up; FxPro 1% up; Capital Index 0.71% up, and JFD Brokers 0.1% up.

In terms of year-on-year, compared with August 2023, among the 27 brokers (excluding Valutrades, TradeView Markets and PRC Broker), a total of 13 had a lower year-on-year loss rate (marked green), 9 brokers had a higher year-on-year loss rate (marked red), and 5 remained unchanged. Among them, the brokers with significant changes include: One Financial Markets (down 14.2% year-on-year) and FxPro (up 23% year-on-year).