In September 2023, Saxo Bank and TeleTrade led with 36% client profits.
Retail client profitability increased slightly in September 2023.
Last month, the top 20 retail FX/CFD brokers saw a modest increase of under 2% in client profits. However, losing traders still dominated the
market, with nearly 73% of them in September. For the second consecutive month, clients found the most success in generating profits at TeleTrade and Saxo Bank, although the two companies switched places on the podium.
Retail Broker Client
Profitability Rose in September
Finance
Magnates publishes
a quarterly list of the largest retail CFD brokers by volume (subscribe to our Quarterly
Industry Report for access). Based on this list, we selected 20 of the
largest retail brokers who publish their clients' profit-loss ratios and update
them monthly.
While only
one in four investors made a profit in August, this figure increased 1.81%
to a total of 27.39% in September. The long-term trend remains the same, showing that
usually only 20-30% of a given broker's clients make profits, while the rest
are considered "capital donors."
For another consecutive month, Saxo Bank and TeleTrade led with 36% and 35.4% profitability, respectively. The only difference was that TeleTrade held the primary position in August. In September, CFI secured third place with 34%, followed by CMC Markets at 31%, and IC Markets at 29.2%.
Plus500 Below 20% Profitability Mark
Compared to
August, the number of companies with profitability below 25% decreased from
eight to five. Only one broker reported a profitability ratio below 20% with Plus500, at 18%.
Seven out of the 20 reported companies had unchanged figures. CFI saw the largest increase, rising from 20.3% to 34%, an increase of 13.7%. Conversely, the most significant drop in this indicator was
recorded by Libertex where profitability shrank from 22.3% in August to 20.9%
in September, a decrease of 1.4%.
How to Boost Profitability
Based on a recent analysis by Capital.com, individual investors aiming to enhance their profit margins should consider spreading their investments across various asset classes and timing their entries and exits wisely. While many traders usually focus on a limited range of assets, expanding one's portfolio to include at least five different asset classes can notably improve average returns.
The report also revealed that novice traders earn higher profits when trading in commodities, FX and indices than equities. From May 2022 to April 2023, beginners who initiated their trading journey with commodities saw profits in 58% of their positions. In contrast, those who started with equities experienced profits in a lesser 46% of their trades.
Want to read more reports from Finance Magnates Intelligence? Check out our October analysis of spot volumes on the largest cryptocurrency exchanges.
Last month, the top 20 retail FX/CFD brokers saw a modest increase of under 2% in client profits. However, losing traders still dominated the
market, with nearly 73% of them in September. For the second consecutive month, clients found the most success in generating profits at TeleTrade and Saxo Bank, although the two companies switched places on the podium.
Retail Broker Client
Profitability Rose in September
Finance
Magnates publishes
a quarterly list of the largest retail CFD brokers by volume (subscribe to our Quarterly
Industry Report for access). Based on this list, we selected 20 of the
largest retail brokers who publish their clients' profit-loss ratios and update
them monthly.
While only
one in four investors made a profit in August, this figure increased 1.81%
to a total of 27.39% in September. The long-term trend remains the same, showing that
usually only 20-30% of a given broker's clients make profits, while the rest
are considered "capital donors."
For another consecutive month, Saxo Bank and TeleTrade led with 36% and 35.4% profitability, respectively. The only difference was that TeleTrade held the primary position in August. In September, CFI secured third place with 34%, followed by CMC Markets at 31%, and IC Markets at 29.2%.
Plus500 Below 20% Profitability Mark
Compared to
August, the number of companies with profitability below 25% decreased from
eight to five. Only one broker reported a profitability ratio below 20% with Plus500, at 18%.
Seven out of the 20 reported companies had unchanged figures. CFI saw the largest increase, rising from 20.3% to 34%, an increase of 13.7%. Conversely, the most significant drop in this indicator was
recorded by Libertex where profitability shrank from 22.3% in August to 20.9%
in September, a decrease of 1.4%.
How to Boost Profitability
Based on a recent analysis by Capital.com, individual investors aiming to enhance their profit margins should consider spreading their investments across various asset classes and timing their entries and exits wisely. While many traders usually focus on a limited range of assets, expanding one's portfolio to include at least five different asset classes can notably improve average returns.
The report also revealed that novice traders earn higher profits when trading in commodities, FX and indices than equities. From May 2022 to April 2023, beginners who initiated their trading journey with commodities saw profits in 58% of their positions. In contrast, those who started with equities experienced profits in a lesser 46% of their trades.
Want to read more reports from Finance Magnates Intelligence? Check out our October analysis of spot volumes on the largest cryptocurrency exchanges.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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