43% of FXOpen clients are profitable

FXOpen

Almost a year has passed since the new rules for European brokers working with private traders entered into force. The Finance Magnates editors analyzed how the profitability indicators of retail broker clients changed.

Profitability rates

As you can see from the chart below, the spread of values ​​is very large. Some brokers managed to keep customers who earned more than a year ago. And some brokers failed. However, 17 brokers out of 35 improved their indicators.

43% of FXOpen clients are profitable

Client profitability rates

In particular, FXOpen broker lead in the table in terms of profitability of its clients this year, having increased the rate from 22% to 43% in a year. In total, 9 brokers reported that the profitability of retail traders did not change and another 9 reported a deterioration in performance. On average, the profitability of retail customers rose to 25.1% compared with 23.5% in a previous year.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Stay ahead of the market!

Subscribe now to our mailing list and receive the latest market news and insights delivered directly to your inbox.

forex

Latest articles

Order Blocks and Breaker Blocks of the Smart Money Concept
Trader’s Tools

Order Blocks and Breaker Blocks of the Smart Money Concept

Indices

The US Dollar Index (DXY) Turns Lower

Capital flows into gold amid rising geopolitical and broader market risks, together with Jerome Powell’s remarks about potential criminal prosecution, have not only driven XAU/USD to record highs (as discussed earlier today) but have also put pressure on

Forex Analysis

Market Analysis: AUD/USD and NZD/USD Pull Back, Caution Creeps In

AUD/USD failed to stay in a positive zone and declined below 0.6700. NZD/USD is also moving lower and might extend losses below 0.5700.

Important Takeaways for AUD/USD and NZD/USD Analysis Today

· The Aussie Dollar

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.