Fazzaco Reports: Client Account Profit/Loss Ratio of 31 Brokers in December 2023

Fazzaco collected the data of profit/loss ratio of client accounts from 31 brokers in December 2023. The brokers we have in this month-on-month comparison remained the same as last month. The specific data are shown in the table below:

Among the 31 brokers this month, an average of 27.17% of client accounts achieved profits, while 72.83% of client accounts suffered losses. Compared with the average data in November, the winning rate of client accounts decreased by 0.03%.

Among them, Saxo Bank ranked first with a 39% profit rate of client accounts, which is consistent with that of last month.

Teletrade comes right after with a 36.63% profit rate, which is also consistent with that of last month.

Other brokers that more than 30% of client accounts winning money include JFD Brokers (35.56%), ActivTrades (33%), CMC Markets (33%), FXCM (33%), ADS Securities (33%), Markets.com (32.3%), ThinkMarkets (32.01%), IG Group (32%), Forex.com (32%), TeraFX (30.12%), City Index (30%) and Tickmill (30%). As the data have shown, the percentage of clients winning money this month has been approximately close to that of November.

The highest loss rate of client accounts went to Capital Index, with 86.11 out of every 100 clients losing money. The data is consistent with that of last month. In addition, Capital.com (84.97%), Valutrades (84.90%), FxPro (81.85%), and Plus500 (81%) all had more than 80% of client accounts losing money.

*OvalX has been replaced by Capital.com, so not applicable in the year-on-year comparison.

*City Credit Capital announced bankruptcy liquidation in July.

From the table above, it can be seen that compared with November 2023, among the 31 brokers this month, a total of 3 had a lower month-on-month loss rate (marked green), and 2 brokers had a higher month-on-month loss rate (marked red), and the rest, 26 brokers, remained unchanged (or did not update their data in time). The broker with the most significant month-on-month improvement was CMC Markets, of which the loss rate dropped 2% month-on-month. Additionally, Swissquote saw a 1% drop; and 0.32% for ThinkMarkets.

Brokers who witnessed loss rate rise include eToro (up 2% month-on-month) and Dukascopy also saw a monthly change of 1.97%.

In general, as the data have shown, the client loss rate of all 31 brokers throughout December 2023 stays very close to that of last month.

In terms of year-on-year, compared with December 2022, among the 29 brokers (excluding Capital.com and Valutrades), a total of 19 had a lower year-on-year loss rate (marked green), and 10 brokers had a higher year-on-year loss rate (marked red). Among them, the brokers with significant changes include: iFOREX Europe (down 17.16% year-on-year) and TeraFX (up 10.54% year-on-year).