Fazzaco Reports: Client Account Profit/Loss Ratio of 31 Brokers in February 2024

Fazzaco collected the data of profit/loss ratio of client accounts from 31 brokers in February 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 28.55% of client accounts achieved profits, while 71.45% of client accounts suffered losses. Compared with the average data in January 2024, the winning rate of client accounts increased by 0.93%.

Among them, Swissquote ranked first with a 39% profit rate of client accounts. Interestingly, the broker had a poor winning rate as low as 18% last month.

Valutrades comes right after with a 38% profit rate, which is also an interesting comparison with their January data, when they only had a 15.10% winning rate.

Other brokers that more than 30% of client accounts winning money include Saxo Bank (36%), Teletrade / Earn (35.10%)*, Markets.com (34.70%), TeraFX (34.37%), Hantec Markets and FXCM (34%), ADS Securities (33%)*, ThinkMarkets (32.01%), Forex.com (32%), City Index and CMC Markets (31%), and ActivTrades (30%).

The highest loss rate of client accounts went to Capital Index, with 86.19 out of every 100 clients losing money. In addition, Capital.com (84.01%), FxPro 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*OvalX has been replaced by Capital.com, so not applicable in the year-on-year comparison.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.

* Teletrade has rebranded to Earn.

* Data of ADS Securities not found from its website. Its January data is listed for reference only.

From the table above, it can be seen that compared with January 2024, among the 31 brokers this month, a total of 4 had a lower month-on-month loss rate (marked green), and 4 brokers had a higher month-on-month loss rate (marked red), and the rest, 23 brokers, remained unchanged (or did not update their data in time).

The broker with the most significant month-on-month improvement was Valutrades, of which the loss rate dropped 22.90% month-on-month. Swissquote also saw a significant drop of losing rate, 21%. Additionally, City Index saw a 1% drop, and FxPro saw a 0.85% drop.

Brokers who witnessed loss rate rise include JFD Brokers (up 8.46%), ActivTrades (up 7%), Teletrade / Earn (up 1.53%), and Capital Index (up 0.08%).

As the data have shown, the client loss rate of all 31 brokers throughout February 2024 saw stayed largely unchanged on a monthly basis.

In terms of year-on-year, compared with February 2023, among the 29 brokers (excluding Capital.com and Valutrades), a total of 21 had a lower year-on-year loss rate (marked green), and 8 brokers had a higher year-on-year loss rate (marked red). Among them, the brokers with significant changes include: iFOREX Europe (down 15.48% year-on-year) and GBE brokers (up 7.55% year-on-year).