Forex Brokers Unprofitability – April 2021

April 18, 2021 at 11:42 PM

It is the beginning of the second quarter of the year, which means it’s time for the quarterly reports with the unprofitability percentage from the forex brokers. Most of the brokers have already updated their risk warnings stating the loss percentage, although some of them are yet to add their values on the websites. 

The provided percentage shows the number of all losing accounts divided by the number of all accounts during the first quarter of 2021. However, the percentage values do not tell us anything about the size of losses and profits.

We have studied and compared the data of 21 companies. Mode of the percentage data range has decreasedsomewhat from 79.83% to 78.80% (BDSwiss). The lowest percentage jumped from 67% to 66% (Saxo Bank). The lowest percentage of losers still remains 67% (eToro), while the maximum dropped from 79.83% to 78.60% (Pepperstone). 

Most of the brokers that updated their numbers did not show significant changes — most of them being just a few percent. The biggest change was with IG — its percentage of losing traders dropped from 75% to 71%, but it is still not big of a change, only 4%.

The list of 21 brokers and unprofitability of their retail traders (sorted in an ascending order):

Saxo Bank66%
eToro67%
HotForex69.03%
AvaTrade71%
IG71%
Markets.com72.10%
CMC Markets73%
City Index73%
FXTM74%
HYCM76%
FxPro76.14%
FXCM76.31%
Plus50076.40%
ETX Capital76.42%
AxiTrader77%
XTB77%
XM78.28%
Pepperstone78.60%
BDSwiss78.80%
Admiral Markets79%
Forex.com79%

We want to remind that the data still remain distorted by brokers reporting a range instead of a single number and by brokers with not enough EU traders to produce a meaningful and believable percentage value. Many brokers prefer to operate both EU and offshore companies, registering more traders under the to the latter.

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