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

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

Among the 31 brokers this month, an average of 27.20% of client accounts achieved profits, while 72.80% of client accounts suffered losses. Compared with the average data in October, the winning rate of client accounts decreased by 0.62%.

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 1.21% higher than October when the number was 35.42%.

Other brokers that more than 30% of client accounts winning money include JFD Brokers (35.56%), ActivTrades (33%), FXCM (33%), ADS Securities (33%), Markets.com (32.3%), IG Group (32%), Forex.com (32%), ThinkMarkets (31.69%), CMC Markets (31%), TeraFX (30.12%), City Index (30%) and Tickmill (30%). Obviously, the percentage of clients winning money this month has been approximately close to that of October in addition to a few ranking changes of brokers.

The highest loss rate of client accounts went to Capital Index, with 86.11 out of every 100 clients losing money. The data is 0.69 higher than that of last. In addition, Capital.com (84.97%), Valutrades (84.90%), Plus500 (81%), and Swissquote (80%) 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​*OvalX has been replaced by Capital.com, so not applicable in the year-on-year comparison.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 October 2023, among the 31 brokers this month, a total of 5 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, 22 brokers, remained unchanged (or did not update their data in time). The broker with the most significant month-on-month improvement was One Financial Markets, of which the loss rate dropped 7.20% month-on-month. Additionally, ActivTrades saw a 3% drop; 2.52% and 2% for JFD Brokers and Admirals respectively.

Brokers who witnessed obvious loss rate rise include Valutrades (up 30.90% month-on-month) and FxPro also saw a monthly change of 2.57%.

In terms of year-on-year, compared with November 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).