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: FCA, CySEC, FC
- Platforms: TickTrader, MT4, MT5, TradingView
-
- Demo account
- Regulator: FCA, ASIC, JSC, FSC, VFSC, FSA
- Platforms: MT4, MT5, TradingCentral
-
- Demo account
- Regulator: FCA
- Platforms: MT4, MT5
-
- Demo account
- Regulator: FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA
- Platforms: Web, MT4, MT5, TradingView
69% of retail CFD accounts lose money. -
- Demo account
- Regulator: FCA, ASIC, CySEC, FSC, SCB, FSA
- Platforms: MT4, MT5, TradingView, TradeLocker
71.28% of retail traders lose money when trading CFDs -
- Demo account
- Instruments: Forex, CFDs, indices, shares, commodities
- Platforms: MT4
Learn how we test brokers and why you can trust our ratings.
This is why we think these brokers are the best in this category in 2026:
- 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).
- 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.
- CMC Markets 4.7/5 Established in 1989, CMC Markets is a respected broker listed on the London Stock Exchange and authorized by several tier-one regulators, including the FCA, ASIC and CIRO. More than 1 million traders from around the world have signed up with the multi-award winning brokerage.
- Eightcap 4.6/5 Eightcap is a multi-regulated forex and CFD broker established in Australia in 2009. The broker has proven popular with active day traders, providing 800+ instruments with tight spreads and notable improvements in recent years, integrating the leading TradingView platform, alongside AI-powered financial calendars and algo trading tools with zero coding experience required.
- LMFX 2.6/5 LMFX is an offshore CFD and forex broker with flexible account options that support trading with fixed or floating spreads, including a raw spread account with super tight pricing. The assets on offer include forex, stocks, indices and commodities, and very high leverage up to 1:1000 is available. The broker is based in Macedonia and was established in 2017.
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 |
|---|---|---|---|---|---|
| FXOpen | 462 | ||||
| Hantec Markets | 5642 | ||||
| TIOmarkets | - | 733 | - | - | |
| CMC Markets | 3519 | ||||
| Eightcap | 3907 | ||||
| LMFX | - | - |
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.
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.
- 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.
- Hantec Markets is a trusted broker, with a track record stretching back to 1990 and authorization from ‘green tier’ regulators, notably the ASIC.
Cons
- The educational tools, consisting primarily of long-form articles, need revamping with interactive elements and videos to match the training materials at IG.
- Testing reveals hit-and-miss support, with 24/5 assistance but a live chat service that times out, making it unreliable for urgent trading issues.
- 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.
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
- 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.
- 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.
Cons
- 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.
- 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.
- 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.
CMC Markets
With advanced charting tools and an extensive range of tradable CFDs, including an almost unrivalled selection of currencies and custom indices, CMC Markets provides a fantastic online platform for traders of all levels.
Christian Harris, Reviewer
CMC Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting, Certificates and Warrants (Germany and Austria)
- Regulator
- FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA
- Platforms
- Web, MT4, MT5, TradingView
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, SEK, NOK, SGD, PLN
CMC Markets Profitable Traders
Pros
- The CMC web platform delivers a fantastic user experience with advanced charting tools for day trading and customizable features, catering to both beginners and experienced traders. MT4, MT5 and TradingView (added in 2025) are also supported.
- CMC offers excellent pricing, including tight spreads and low trading fees for all but stock CFDs. The Alpha and Price+ schemes also offer perks for active traders with up to 40% discounts on spreads.
- CMC Funded available from October 2026, providing up to a $100k prop trading-style simulated account to traders looking to prove their skills on CMC's trading infrastructure with wide market access, including prediction markets.
Cons
- The CMC Markets app offers the complete trading package but the design and user experience trails category leaders like eToro.
- An inactivity fee of $15 per month is applied after 12 months of inactivity, which may deter casual investors.
- Despite improvements, the web platform still requires enhancements to make it as intuitive to trade on as software from rivals like IG.
Eightcap
Eightcap delivers in every area for day traders with a growing selection of charting platforms, education via Labs, and AI-powered tools. Now sporting 120+ crypto CFDs, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row.
Christian Harris, Reviewer
Eightcap quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs in Forex, Stocks, Indices, Commodities, Crypto
- Regulator
- FCA, ASIC, CySEC, FSC, SCB, FSA
- Platforms
- MT4, MT5, TradingView, TradeLocker
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, SGD
Eightcap Profitable Traders
Pros
- After bolstering its roster in 2021, Eightcap offers one of the most extensive selections of cryptocurrency CFDs in the market, with crypto/fiat pairs, crypto/crypto pairs, plus crypto indices for broader exposure to the market.
- Having excelled across all key areas for day traders, Eightcap outperformed every competitor to win our 'Best Overall Broker' award for 2024, also securing our 'Best Crypto Broker' title for 2025 and 'Best TradingView Broker' for 2025.
- Eightcap added TradeLocker in 2026 for certain regions, marking it out as the best regulated TradeLocker broker, while still delivering Eightcap's ultra-fast execution and low fees for active traders on the charting software.
Cons
- Eightcap needs to continue bolstering its suite of 800+ instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities.
- The demo account expires after 30 days and can only be extended upon request - a notable inconvenience compared to the likes of XM with its unlimited demo mode.
- Despite a useful library of educational guides and e-books in Labs, Eightcap still trails IG’s comprehensive toolkit for aspiring traders with its dedicated IG Academy app and 18 course categories.
LMFX
Experienced traders who want highly leveraged CFDs and a choice between fixed and floating spreads should consider LMFX. On the downside, new clients should note the weak regulatory oversight.
William Berg, Reviewer
LMFX quick facts
- Demo Account
- ✔Yes
- Instruments
- Forex, CFDs, indices, shares, commodities
- Platforms
- MT4
- Minimum Deposit
- $5
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR
LMFX Profitable Traders
Pros
- LMFX has cut its minimum deposit from $50 to $5, making it more accessible
- Excellent, flexible pricing options with raw and fixed spreads available
- VPS will cater to automated trading strategies
Cons
- Unregulated status lowers its safety score
- No cryptocurrency and Bitcoin trading
- Limited educational resources for newer traders
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!