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

Fazzaco collected the data of profit/loss ratio of client accounts from 31 brokers in March 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 28.65% of client accounts achieved profits, while 71.35% of client accounts suffered losses. Compared with the average data in February 2024, the winning rate of client accounts increased by 0.10%.

Among them, Swissquote ranked first with a 39% profit rate of client accounts. The number remains the same as last month.

Valutrades comes right after with a 38% profit rate, which is also the same of their February data.

Other brokers that more than 30% of client accounts winning money include Saxo Bank (36%), Earn (35.10%)*, Markets.com (34.70%), TeraFX (34.37%), Hantec Markets and FXCM (34%), ADS Securities (33%), Admirals and Forex.com (32%), City Index and CMC Markets and IG Group (31%), as well as ActivTrades and ThinkMarkets (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*OvalX has been replaced by Capital.com, so not applicable in the year-on-year comparison.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.

From the table above, it can be seen that compared with February 2024, among the 31 brokers this month, a total of 2 had a lower month-on-month loss rate (marked green), and only 1 broker had a higher month-on-month loss rate (marked red), and the rest, 28 brokers, remained unchanged (or did not update their data in time).

The broker with the most significant month-on-month improvement was Admirals, of which the loss rate dropped 4% month-on-month. Dukascopy also saw a drop of 1.19%.

The only broker who witnessed loss rate rise is ThinkMarkets (up 2.01%).

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

In terms of year-on-year, compared with Mark 2023, among the 29 brokers (excluding Capital.com and Valutrades), a total of 27 had a lower year-on-year loss rate (marked green), and only 2 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 JFD Brokers (up 5.88% year-on-year).