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

Fazzaco collected the data of profit/loss ratio of client accounts from 31 brokers in October 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 27.82% of client accounts achieved profits, while 72.18% of client accounts suffered losses. Compared with the average data in September, the winning rate of client accounts increased by 0.48%.

Among them, Valutrades ranked first with a 46% profit rate of client accounts, which is consistent with that of last month.

Saxo Bank comes right after with a 39% profit rate, which is 4% higher than September.

The other brokers that more than 30% of client accounts winning money include Teletrade (35.42%), JFD Brokers (33.04%), 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%), Tickmill (30%) and ActivTrades (30%). Obviously, more clients trading with more brokers are winning money this month since there has been a substantial higher number of brokers surpassing 30%.

The highest loss rate of client accounts went to Capital Index, with 85.42 out of every 100 clients losing money. The data remains unchanged for the last three months (the broker possibly failed to update the data in time). In addition, Capital.com (84.97%), One Financial Markets (82.70%), 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*OvalX has been replaced by Capital.com, so not applicable in the year-on-year comparison.

*HYCM's data has not been updated for a long time.

*AETOS did not disclose data.

*City Credit Capital announced bankruptcy liquidation in July.

From the table above, it can be seen that compared with September 2023, among the 31 brokers this month, a total of 9 had a lower month-on-month loss rate (marked green), and 5 brokers had a higher month-on-month loss rate (marked red), and the rest, 17 brokers, remained unchanged (or did not update their data in time). The broker with the most significant month-on-month improvement was Pepperstone, of which the loss rate dropped 6.10% month-on-month. Additionally, Saxo Bank saw a 4% drop and 3.30% for Markets.com.

Brokers who witnessed obvious loss rate rise include ActivTrades (up 5% month-on-month) and Capital.com (up 5.38% month-on-month).

In terms of year-on-year, compared with October 2022, 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 15.05% year-on-year) and TeraFX (up 10.54% year-on-year).