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 6 brokers with the most winning traders, and what percentage of their traders are profitable:
-
- Demo account
- Regulator: CySEC
- Min. deposit: $100
49% of retail investor accounts lose money when trading CFDs with this provider. -
- Demo account
- Min. deposit: $10 (varies by account and payment method)
- Min. trade: 0.01 Lots
-
- Demo account
- Regulator: FCA, CySEC, FC
- Platforms: TickTrader, MT4, MT5, TradingView
-
- Demo account
- Platforms: eToro Web, CopyTrader, TradingCentral
- Min. deposit: $50
61% of retail CFD accounts lose money. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. -
- Demo account
- Regulator: FCA, ASIC, JSC, FSC, VFSC, FSA
- Platforms: MT4, MT5, TradingCentral
-
- Demo account
- Regulator: FCA
- Platforms: MT4, MT5
Learn how we test brokers and why you can trust our ratings.
Here is a short overview of each broker's pros and cons
- Skilling 3.4/5 Skilling is a multi-asset broker founded in 2016 and based in Cyprus. The brand offers hundreds of day trading instruments with competitive spreads from 0.1 pips and beginner-friendly platforms. Skilling are also regulated in Europe and beyond with a transparent pricing structure. You can sign up and start trading in three easy steps.
- Exness 4.1/5 Established in 2008, Exness has maintained its position as a highly respected broker, standing out with its industry-leading range of 40+ account currencies, growing selection of CFD instruments, and intuitive web platform complete with useful extras like currency convertors and trading calculators.
- FXOpen 3.7/5 Established in 2005, FXOpen is a multi-regulated broker that has attracted over 1 million traders. Designed for active trading, it provides access to a growing selection of more than 700 markets and supports high-frequency trading, scalping, and all forms of algorithmic trading using expert advisors (EAs).
- eToro 4.0/5 eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Crypto investments are risky and may not suit retail investors. You could lose your entire investment. Understand the risks here. 61% of retail CFD accounts lose money.
- Hantec Markets 3.8/5 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.
- TIOmarkets 3.9/5 TIOmarkets is a global forex and CFD brokerage with both an offshore and UK-regulated branch. The broker has a strong customer focus, with 24/7 telephone and live chat customer service. Traders can access a range of accounts with competitive spreads from 0.4 pips.
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| Skilling | 446 | ||||
| Exness | 33680 | ||||
| FXOpen | 462 | ||||
| eToro | 32237 | ||||
| Hantec Markets | 5642 | ||||
| TIOmarkets | - | 733 | - | - |
Skilling
Skilling maintains its position as a top pick for budding traders looking for a competitive zero commission account with direct access to a copy trading feature. It will also serve experienced strategy providers looking to earn commissions, or active traders looking to deal forex.
Christian Harris, Reviewer
Skilling quick facts
- Demo Account
- ✔Yes
- Instruments
- Forex, CFDs, Stocks, Indices, Commodities and Cryptos
- Regulator
- CySEC
- Platforms
- Skilling Trader, MT4, MT5, cTrader, TradingView
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, SEK, NOK
Skilling Profitable Traders
Pros
- The Skilling Trader platform maintains a focused design, offering charts, order placement, and risk controls without unnecessary features or promotional content. For systematic traders or those who prefer a streamlined execution environment, this simplicity is an advantage
- Skilling offers five trading platforms: Skilling Trader, cTrader, MT4, MT5, and TradingView, each with distinct strengths. MT4 and MT5 supports EA-based strategies, cTrader excels in order management, Skilling Trader offers straightforward web execution, and TradingView specializes in advanced charting. This range provides valuable flexibility for traders
- Beyond major forex pairs, Skilling’s spreads are often lower than those of larger, more prominent brokers. While not always the lowest, traders focused on raw pricing can find competitive value without needing a full ECN setup
Cons
- Skilling’s educational and research resources are limited to a basic economic calendar, brief market commentary, some lessons, and occasional news headlines, plus the newer AI-powered Skilling Trade Assistant. There aren't comprehensive and structured learning paths
- Skilling depends on TradingView for advanced analytics and does not provide its own platform for Trading Central, Autochartist, or instrument-specific news feeds. This may be sufficient for traders with independent research tools, but it is less comprehensive than brokers offering integrated in-platform content
Exness
After slashing its spreads, improving its execution speeds and support trading on over 100 currency pairs with more than 40 account currencies to choose from, Exness is a fantastic option for active forex traders looking to minimize trading costs.
Christian Harris, Reviewer
Exness quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs on Forex, Stocks, Indices, Commodities, Crypto
- Regulator
- FSCA, CMA-Kenya, FSA, CBCS, BVIFSC, FSC, JSC, FCA (B2B only), CySEC (B2B only)
- Platforms
- Exness Trade App, Exness Terminal, MT4, MT5, TradingCentral
- Minimum Deposit
- $10 (varies by account and payment method)
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR, KRW, MXN, KES, CNY
Exness Profitable Traders
Pros
- Charting tools have been improved through Indie - traders can write Python scripts and add custom indicators to charts in the Exness Terminal and MT5, as well as testing them against market data.
- Fast and dependable 24/7 multilingual customer support via telephone, email and live chat based on hands-on tests.
- Improved execution speeds, now averaging under 25ms, offer optimal conditions for short-term traders.
Cons
- Apart from a mediocre blog, educational resources are woeful, especially compared to category leaders like IG which provide a more complete trading journey for newer traders.
- MetaTrader 4 and 5 are supported, but TradingView and cTrader still aren’t despite rising demand from active traders and integration at alternatives like Pepperstone.
- Exness has expanded its range of CFDs, but there are still no real assets such as ETFs, cryptocurrencies or bonds
FXOpen
FXOpen is ideal for high-volume traders, offering fast execution through its ECN trading infrastructure, spreads from 0 pips, and discounted commissions as low as $1.50 per lot.
Christian Harris, Reviewer
FXOpen quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs
- Regulator
- FCA, CySEC, FC
- Platforms
- TickTrader, MT4, MT5, TradingView
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, AUD, JPY, CHF, SGD, RUB
FXOpen Profitable Traders
Pros
- FXOpen introduced TradingView in 2022 and upgraded its TickTrader platform in 2024, offering Level 2 pricing, 1,200+ trading tools, and advanced order types, catering to both experienced and high-frequency traders.
- FXOpen streamlined its account offerings in 2024, ensuring a user-friendly setup with ECN accounts providing raw spreads from 0.0 pips, fast execution speeds, and discounted commissions for high-volume traders.
- FXOpen reduced FX spreads by 40%+ in 2022 and introduced commission-free index trading in 2023, making it cost-effective for day traders.
Cons
- FXOpen has a threadbare educational offering, lacking the courses and webinars you can find at brokers like IG, limiting its appeal to beginners seeking to build their knowledge.
- Despite bolstering its asset range, FXOpen still offers fewer global stocks, commodities, and cryptocurrencies than category leader BlackBull, reducing access to diverse trading opportunities.
- While still a trusted broker with authorization from the FCA and CySEC, FXOpen lost its ASIC license in 2024 following ‘serious concerns’ and no longer onboards Australian traders.
eToro
eToro's social trading platform leads the pack with a terrific user experience and active community chat that can help beginners find opportunities. There are also competitive fees on thousands of CFDs and real stocks, plus excellent rewards for experienced strategy providers.
Christian Harris, Reviewer
eToro quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs
- Regulator
- FCA, CySEC, MiCA, MFSA, FSRA, ASIC, FSAS, MAS, GFSC
- Platforms
- eToro Web, CopyTrader, TradingCentral
- Minimum Deposit
- $50
- Minimum Trade
- $10
- Account Currencies
- USD, EUR, GBP, AUD, DKK
eToro Profitable Traders
Pros
- The copy trading app facilitates a best-in-class social environment, with an engaging social feed and community chat that we love using.
- eToro picked up second place in DayTrading.com's 'Best Crypto Broker' for 2025 with its huge range of tokens, reliable service and competitive fees.
- In 2025, eToro stopped including all crypto trading fees within the spread - instead, the same commission is now charged separately and shown as a clear line item, giving active traders more transparency without increasing overall costs.
Cons
- The lack of additional charting platforms like MT4 will reduce the appeal for seasoned day traders accustomed to using third-party software.
- There are no guaranteed stop loss orders which would be a useful risk management feature for beginners.
- There is a $30 minimum withdrawal amount and a $5 fee, which will affect novices with low capital.
Hantec Markets
Hantec Markets is suitable if you want a no-frills MetaTrader broker to trade CFDs on stocks, forex, indices, commodities and cryptos. However, the customer support and educational tools trail the best brokers.
Christian Harris, Reviewer
Hantec Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- Forex, CFDs, Indices, Stocks, Commodities, Cryptos
- Regulator
- FCA, ASIC, JSC, FSC, VFSC, FSA
- Platforms
- MT4, MT5, TradingCentral
- Minimum Deposit
- $10
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, CHF, PLN, AED
Hantec Markets Profitable Traders
Pros
- 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 is a trusted broker, with a track record stretching back to 1990 and authorization from ‘green tier’ regulators, notably the ASIC.
- The entry barrier for trading is notably low for beginners, starting from just $10, while deposits are fee-free and can be completed smoothly from the client area.
Cons
- The educational tools, consisting primarily of long-form articles, need revamping with interactive elements and videos to match the training materials at IG.
- Hantec Markets needs to bolster its investment offering to match category leaders like Blackbull Markets, especially in its breadth of currency pairs and commodities.
- While Hantec Markets is regulated by the FCA it's no longer accepting retail clients via this entity - Brits may be onboarded through an offshore entity without FCA protections.
TIOmarkets
TIOmarkets is best suited to experienced traders who can deposit at least $1000 to take advantage of the competitive trading conditions available with the VIP accounts. It also suits hands-off traders with copy trading and PAMM solutions.
Christian Harris, Reviewer
TIOmarkets quick facts
- Demo Account
- ✔Yes
- Instruments
- Forex, CFDs, indices, shares, commodities, cryptocurrencies
- Regulator
- FCA
- Platforms
- MT4, MT5
- Minimum Deposit
- $20
- Minimum Trade
- 0.001 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, ZAR, AED
TIOmarkets Profitable Traders
Pros
- Most brokers at TIOmarkets' level either skip PAMM entirely or offer a stripped-down version. Having both copy trading and a proper PAMM structure under the same roof gives skilled traders a genuine route to managing external capital — and gives passive investors access to verified managers — without needing a separate platform or provider.
- Many brokers that straddle regulated and offshore jurisdictions deliberately obscure which entity your account actually falls under. TIOmarkets keeps it clear: UK clients sit under the FCA-authorized arm, international clients go through the offshore entity, and there's no ambiguity about which protections apply to whom.
- Opening a Raw or VIP Black account doesn't mean starting over — it sits alongside your existing accounts under the same login, with funds and history intact. Brokers that treat each account type as a separate registration make scaling up unnecessarily cumbersome. TIOmarkets doesn't.
Cons
- At just over 300 instruments, TIOmarkets' offering looks thin next to brokers like IG or Saxo Bank, which list thousands of tradeable assets. Traders wanting genuine breadth across global equities, sector ETF CFDs, bonds, options, or niche commodity contracts will hit the ceiling quickly.
- Relatively shallow in-house research and analysis cover the basics, but there's no integration with Trading Central, Autochartist, or any other professional-grade third-party analysis provider. Many brokers bundle these tools in at no extra cost, giving their clients a genuine analytical edge that TIOmarkets' current research offering doesn't come close to matching.
- No proprietary platform means being locked into MT4 and MT5, so TIOmarkets has no ability to differentiate the actual trading experience. Top brokers offer TradingView and cTrader alongside MetaTrader, giving traders access to a far more intuitive, visually modern environment without sacrificing execution quality. For anyone who finds MetaTrader's interface dated, there's simply no alternative here.
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!