Brokers With the Fewest Losing Traders
Which broker has the most profitable traders? Or as some like to put it – which brokers have the fewest losing traders? This is a question that most traders think about and yet seems unanswerable… How and why would brokers reveal this information?
Thanks to the ESMA (European Securities and Markets Authority), brokers are now bound to disclose their percentage of winning/losing traders. This increased transparency has the potential to disrupt the market for binary options, CFDs and FOREX. This article will explore these revelations and assess their impact on the future of retail trading.
Brokers With Most Winning Traders
These are the top 5 brokers with the most winning traders, and what percentage of their traders are profitable:
- Exness - 46%
- GO Markets - 42%
- FXOpen - 40%
- Hantec Markets - 38%
- Interactive Brokers - 38%
#1 - Exness
Why We Chose Exness
Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 260,000 clients, several awards and reputable licensing, the broker has maintained its position as a highly respected global brand. Active day traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.
"Exness remains an accessible broker for all experience levels, though experienced day traders will particularly appreciate the ultra-low commission rates, fast withdrawals and high-quality charting software."
- DayTrading Review Team
- Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto
- Regulator: FSA, CySEC, FCA, FSCA, FSC, CBCS
- Platforms: Exness Trade App, MT4, MT5, TradingCentral
- Minimum Deposit: $10
- Minimum Trade: 0.01 Lots
- Leverage: 1:2000
Exness Profitable Traders
At Exness 46% of traders are profitable.Pros
- Top-tier licensing with the FCA and CySEC and a strong reputation with over 10 years in business
- Exness is the first brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes
- There's excellent 24/7 multilingual customer support via telephone, email and live chat
Cons
- There are several regional restrictions for retail traders including the USA, Europe and the UK
- There are no promotional deals or loyalty schemes for high-volume day traders
- Unlike most competitors, Exness doesn't provide its own education section
#2 - GO Markets
Why We Chose GO Markets
GO Markets is an established forex and CFD broker with multiple industry awards and accolades. The ECN/STP broker is popular with budding traders, offering competitive accounts in multiple base currencies and a range of flexible payment methods. With top-tier regulation from CySEC and ASIC, GO Markets is a trusted broker.
"GO Markets is an excellent choice for active traders with access to powerful trading tools and tight spreads from 0.0 pips. Beginners can also take advantage of the broker's copy trading tool, free demo account and education center."
- DayTrading Review Team
- Instruments: CFDs, forex, indices, shares, energies, metals, cryptocurrencies
- Regulator: ASIC, CySEC, FSC of Mauritius
- Platforms: MT4, MT5, AutoChartist, TradingCentral
- Minimum Deposit: $200
- Minimum Trade: 0.01 Lots
- Leverage: 1:500
GO Markets Profitable Traders
At GO Markets 42% of traders are profitable.Pros
- 0.01 minimum lot size and zero spreads
- Copy trading service
- Trading signals and market insights
Cons
- Multiple restricted countries including the US
- $200 minimum deposit
- Only two account types
#3 - FXOpen
Why We Chose FXOpen
FXOpen is a multi-asset broker with regulation from several trustworthy bodies including the UK's FCA. The broker offers CFD trading on forex, stocks, commodities, indices, cryptocurrencies and ETFs via the MetaTrader 4 & 5 and TradingView platforms.
"FXOpen is a good, reliable all-round broker with competitive pricing that will especially suit high-volume traders who can benefit from fee discounts."
- DayTrading Review Team
- Instruments: Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares
- Regulator: FCA, CySEC, ASIC
- Platforms: MT4, MT5, TradingView
- Minimum Trade: 0.01 Lots
- Leverage: 1:30 (EU), 1:500 (Global)
FXOpen Profitable Traders
At FXOpen 40% of traders are profitable.Pros
- 600+ instruments
- MT4, MT5, TradingView & TickTrader platforms
- Phone dealing
Cons
- Withdrawal fees apply for some methods
- Inactivity fee
- No access to all instruments on some accounts
#4 - Hantec Markets
Why We Chose Hantec Markets
Hantec Markets was established in Hong Kong in 1990. Initially, the company concentrated solely on the Chinese and Taiwanese markets. In 2008, the broker rebranded and expanded its presence in the UK, Australia, Japan, and various other countries, before enhancing its footprint in Latin America in 2022. Hantec now stands as a multinational brokerage with 18 offices across Europe and Asia.
"Hantec Markets is suitable if you want a no-frills MetaTrader broker to trade CFDs on stocks, forex, indices, commodities and cryptos. However, its scalping restrictions limit its appeal for certain day traders, while the customer support and educational tools trail the best brokers."
- DayTrading Review Team
- Instruments: Forex, CFDs, Indices, Stocks, Commodities, Cryptos
- Regulator: FCA, ASIC, FSC, JSC
- Platforms: MT4, MT5, TradingCentral
- Minimum Deposit: $100
- Minimum Trade: 0.01 Lots
- Leverage: 1:1000
Hantec Markets Profitable Traders
At Hantec Markets 38% of traders are profitable.Pros
- High leverage up to 1:1000 is available for experienced investors in some jurisdictions, amplifying trading results (profits and losses).
- Trading Central integration provides an excellent one-stop-shop for technical, fundamental, economic, sentiment and news analysis, helping users discover short-term trading opportunities.
- Hantec Markets offers a great range of 8 account base currencies, helping global traders avoid conversion fees while delivering a hassle-free day trading experience.
Cons
- Hantec Markets needs to bolster its investment offering to match category leaders like Blackbull Markets, especially in its breadth of currency pairs and commodities.
- Despite reliable order execution, Hantec Markets does not permit scalping strategies, reducing its appeal compared to Pepperstone, whose Razor account is set up for scalpers.
- There is no proprietary software aimed at newer traders, nor integration with the increasingly popular TradingView and cTrader platforms. Additionally MT5 is not available in certain regions, including the UK.
#5 - Interactive Brokers
Why We Chose Interactive Brokers
Interactive Brokers (IBKR) is a premier brokerage for experienced traders, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."
- DayTrading Review Team
- Instruments: Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
- Regulator: FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB
- Platforms: Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
- Minimum Deposit: $0
- Minimum Trade: $100
- Leverage: 1:50
Interactive Brokers Profitable Traders
At Interactive Brokers 38% of traders are profitable.Pros
- With low commissions, tight spreads and a transparent fee structure, IBKR delivers a cost-effective environment for short-term traders.
- There's a vast library of free or paid third-party research subscriptions catering to all types of traders, plus you can enjoy commission reimbursements from IBKR if you subscribe to Toggle AI.
- The TWS platform has clearly been built for intermediate and advanced traders and comes with over 100 order types and a reliable real-time market data feed that rarely goes offline.
Cons
- TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.
- IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
- You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.
Legal Context
In March 2018, the ESMA decided to ban the advertising and distribution of binary options to retail investors. It also restricted the advertising and sale of CFDs. These new changes came into force in July and August 2018. They were accompanied by transparency requirements such as the disclosure of the percentage of winning clients of each broker.
Profitable Traders – Long Term
These figures need to be updated every three months to comply with the regulator. But numbers can shift significantly.
Check out the brokers where the winning % stays high over the long term.
Volatile markets and specific events can also impact these numbers, so always use them to compare ‘like for like’ brokers, rather than from different periods.
A broker with a consistently high number of winning traders is clearly able to make a profit without compromising the trader – either by charging high fees or squeezing margins elsewhere.
It also suggests a brand that values their clients, which is always a positive.
Social Trading
Social trading (or copy trading) has impacted these figures. While some traders will doubtless lose money, they can re-enter the market and follow the trades of profitable traders, and thus get ‘in the black’ themselves.
Many of the brokers with higher figures for winning traders also operate social trading or copy trading schemes, and it is no coincidence.
Increased Transparency – Benefits?
Following these revelations, brokers will start using this number as a marketing device. In other words, retail investors will be more attracted by brokers with the highest percentage of winning accounts.
Therefore, trading platforms will start doing their best to increase this number, especially through the use of educational material and supplementary analytical tools. By providing traders with the necessary information to carry out profitable investments, brokers will be able to increase their percentage of winning accounts and attract more and more users. A win-win situation!