Forex Brokers Unprofitability – February 2021

As the year 2020 has come to end, a lot of Forex brokers have updated their traders’ unprofitability numbers as required by the ESMA regulations. Even though these numbers have to be updated by Forex/ CFD brokers on a quarterly basis, not all regulated European brokers do that regularly. However, the vast majority of brokers already refreshed their risk warning, so we can finally check the updates. 

We suppose the percentage displayed by brokers includes the number of all losing accounts divided by the number of all accounts during the last 12 months, since it is only the middle of the first quarter. We have checked 20 companies. The reason why some companies publish losing accounts percentage and some don’t (or stop publishing) is due to companies leaving/entering ESMA jurisdiction.

We can see that the lowest percentage of losers is 50% (TriumphFX), while the maximum is 82.78% (TradeFW). However, it is not actually possible to get a meaningful and believable percentage value due to the distorted data published by brokers reporting a range instead of a single number and by brokers with not enough EU traders.

The list of 20 brokers and unprofitability of their retail traders (sorted in an ascending order):

TriumphFX	50%
EBH Forex	51.38%
Everfx	65%
Etoro	67%
Valbury Capital	68%
Skilling	69%
Saxo Bank	70%
Trade 360	70.33%
City index	73%
IG Markets	75%
CMC Markets	76%
FXCM	76.31%
Plus500	76.4%
ETX Capital	76.42%
BDSwiss	78.8%
Forex.com	79%
Infinox	82.44%
TradeFW	82.78%