Forex Brokers Unprofitability – July 2021

July 16, 2021 at 09:47 PM

It is the beginning of the third 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 second 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 22 companies. Mode of the percentage data range has decreasedsomewhat from 78.80% to 75.30% (BDSwiss). The lowest percentage jumped from 66% to 64% (Saxo Bank). The lowest percentage of losers is 50% (GoMarkets), while the maximum dropped from 79% to 77% (Forex.com).

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 Plus500 — its percentage of losing traders dropped from 76.40% to 72%, but it is still not big of a change, only 4%.

The list of 22 brokers and unprofitability of their retail traders (sorted in an ascending order):

Go Markets50%
Saxo Bank64%
eToro67%
CMC Markets70%
Markets.com70%
IG70%
City Index70%
AvaTrade71%
HotForex71.02%
Plus50072%
FXCM73%
ETX Capital74.50%
BDSwiss75.30%
AxiTrader76%
Forex.com77%
FXTM77%
XTB77%
XM77.29%
FxPro77.37%
Pepperstone78.20%
Swissquote79%

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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