Brokers With the Fewest Losing Traders

These are the top 6 brokers with the most winning traders, and what percentage of their traders are profitable:

1. Our top pick in Korea
   1

   FXOpen

   Profitable traders: 40%

   3.7/ 5

   Visit FXOpen Read review
   • Demo account
   • Regulator: FCA, CySEC, FC
   • Platforms: TickTrader, MT4, MT5, TradingView
2. 2

   FBS

   Profitable traders: 31%

   4.3/ 5

   Visit FBS Read review
   • Demo account
   • Instruments: CFDs, Forex, Indices, Shares, Commodities
   • Regulator: ASIC, CySEC, FSCA, FSC
3. 3

   XTB

   Profitable traders: 31%

   4.8/ 5

   Visit XTB Read review
   • Demo account
   • Platforms: xStation
   • Min. deposit: $0
   69-80% of accounts lose money when trading CFDs with this provider.
4. 4

   HYCM

   Profitable traders: 30%

   3.8/ 5

   Visit HYCM Read review
   • Demo account
   • Regulator: FCA, DFSA
   • Platforms: HYCM Trader, MT4, MT5, TradingCentral
5. 5

   IG

   Profitable traders: 30%

   4.8/ 5

   Visit IG Read review
   • Demo account
   • Min. deposit: $0
   • Min. trade: 0.01 Lots
6. 6

   LMFX

   Profitable traders: 29%

   2.6/ 5

   Visit LMFX Read review
   • Demo account
   • Instruments: Forex, CFDs, indices, shares, commodities
   • Platforms: MT4

Learn how we test brokers and why you can trust our ratings.

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.

FXOpen

3.7/ 5

Visit FXOpen FXOpen review

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.

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

At FXOpen 40% of traders are profitable.

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 reduced FX spreads by 40%+ in 2022 and introduced commission-free index trading in 2023, making it cost-effective for day 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.

Cons

• 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.
• Despite bolstering its asset range, FXOpen still offers fewer global stocks, commodities, and cryptocurrencies than category leader BlackBull, reducing access to diverse trading opportunities.
• 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.

Visit FXOpen FXOpen review

FBS

4.3/ 5

Visit FBS FBS review

FBS is an excellent choice for day traders at every level and budget, with just a $5 minimum deposit and intensive academy for aspiring traders alongside access to MT4 and MT5.

FBS quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Indices, Shares, Commodities

Regulator

ASIC, CySEC, FSCA, FSC

Platforms

FBS App, MT4, MT5

Minimum Deposit

$5

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, AUD, JPY

FBS Profitable Traders

At FBS 31% of traders are profitable.

Pros

• FBS strikes the balance between robust features and ease of use, with a sign-up process taking <10 minutes, an intuitive app, advanced research through Market Analytics & more recently VIP Analytics, plus immersive education through the FBS Academy and Trader’s Blog.
• FBS offers lightning-fast execution speeds from just 10 milliseconds, placing it among the industry leaders for highly active traders like scalpers who demand rapid order processing.
• 24/7 customer support that performed excellently during testing is available, alongside a $5 minimum deposit, and a huge variety of 200+ funding options, making it ideal for traders with small accounts.

Cons

• Although the FBS app offers a terrific mobile trading experience for aspiring traders and MT4/MT5 cater to advanced traders, the absence of cTrader and TradingView, which are increasingly offered by alternatives like Pepperstone, will deter day traders familiar with these platforms.
• There are only four base currencies available - EUR, USD, AUD and JPY (region dependant) - which isn't practical for minimizing currency conversion fees for many global traders, and is especially striking given the broker’s user base spans over 150 nations.
• Despite enhancing the selection of currency pairs, now providing over 70, FBS still trails industry leaders like BlackBull Markets in its market offering with a particularly narrow selection of commodities and indices.

Visit FBS FBS review

XTB

4.8/ 5

Visit XTB XTB review

XTB stands out as a top choice for new day traders with the terrific xStation platform, low trading costs, no minimum deposit, and excellent educational tools, many of which are seamlessly integrated into the platform.

XTB quick facts

Demo Account

✔Yes

Instruments

CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs

Regulator

FCA, CySEC, KNF, DFSA, FSC, SCA, CMF, Bappebti

Platforms

xStation

Minimum Deposit

$0

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP

XTB Profitable Traders

At XTB 31% of traders are profitable.

Pros

• First-class 24/5 customer support is available, including a friendly live chat with response times of under two minutes during testing.
• The xStation platform continues to impress with its user-friendly interface and intuitive features, including customizable news feeds, sentiment heatmaps, and trader calculator, reducing the learning curve for newer traders.
• XTB has improved its assets and markets offering further in 2026 with options trading in Spain and Germany, spot cryptos in some regions, and Investment Plans 2.0 with more pre-built plans covering sectors like Defence, a more intuitive interface, and greater flexibility to combine single stocks and ETFs into individual plans.

Cons

• Trading fees are competitive with average spreads of around 1 pip on the EUR/USD but still trail the cheapest brokers like IC Markets, plus there's an inactivity fee after 12 months.
• XTB does not offer a raw spread account, which is becoming increasingly common among competitors like Pepperstone, and may disappoint day traders looking for the tightest spreads.
• The demo account expires after just four weeks, a serious limitation for traders who wish to thoroughly test the xStation platform and practice short-term strategies before committing real funds.

Visit XTB XTB review

HYCM

3.8/ 5

Visit HYCM HYCM review

Traders looking for a multi-asset broker with good platform support, extra analysis features and strong regulation will want to consider HYCM. The competitive raw-spread accounts will also serve scalpers and high-volume traders.

HYCM quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Stocks, Indices, Commodities, ETFs

Regulator

FCA, DFSA

Platforms

HYCM Trader, MT4, MT5, TradingCentral

Minimum Deposit

$20

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP, RUB, AED

HYCM Profitable Traders

At HYCM 30% of traders are profitable.

Pros

• Rather than a flat leverage cap, HYCM's leverage model reduces automatically as position volume increases — protecting traders from runaway exposure on large positions without requiring manual margin management. Most retail brokers apply a fixed leverage ceiling and leave risk management entirely to the trader. The dynamic model adds a structural risk layer that's particularly relevant for less experienced traders building larger positions incrementally.
• Most retail CFD brokers stop at gold, oil, and silver. HYCM extends into agricultural soft commodities from a standard account with no elevated minimum deposit or professional classification required. For traders wanting genuine commodity diversification beyond metals and energy, that access is structurally rare at this entry level.
• HYCM has operated continuously since 1977 — through Black Wednesday, the 2008 financial crisis, the SNB shock, and multiple FCA overhauls that eliminated or restructured many competitors. Most brokers marketing FCA regulation acquired it recently. HYCM has held it long enough for an entire generation of retail traders to have come and gone. That's a verifiably different category of track record.

Cons

• Brokers like eToro, Pepperstone, and IC Markets have built entire client acquisition channels around social and copy trading. HYCM has none of it. For newer traders who want to allocate capital to experienced strategies while they develop their own, or for experienced traders who want to monetize their track record by managing external capital, HYCM offers no pathway. That's an entire category of retail trader HYCM cannot serve.
• The restriction only surfaces in HYCM's terms and conditions. Traders who fund a Fixed or Classic account, develop a short-term strategy, and start executing fast in-and-out trades can have their profits confiscated and their accounts suspended without prior warning. The Raw account permits tighter execution styles, but the policy boundary between permitted and prohibited trading frequency is never clearly defined in plain language anywhere on hycm.com.
• MT4, MT5, and a proprietary mobile app are the same infrastructure HYCM offered half a decade ago. No TradingView integration, no cTrader, no social trading, no copy trading, no PAMM. For a broker with nearly five decades of history and FCA authorization, the absence of any platform development signals that technology investment isn't a priority, which matters increasingly as competitors bundle TradingView natively and build out social trading ecosystems that attract a new generation of retail traders.

Visit HYCM HYCM review

IG

4.8/ 5

Visit IG IG review

IG continues to provide a comprehensive package with an intuitive web platform, best-in-class education for beginners, advanced charting tools bolstered by its recent TradingView integration, real-time data, and robust trade execution for experienced day traders.

IG quick facts

Demo Account

✔Yes

Instruments

CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only)

Regulator

CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA, CONSOB

Platforms

Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime

Minimum Deposit

$0

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD

IG Profitable Traders

At IG 30% of traders are profitable.

Pros

• The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met.
• As a well-established broker, IG operates under strict regulatory guidelines in multiple jurisdictions, maintaining a high level of trust.
• IG obtained a crypto asset license from the FCA, allowing it to re-enter the UK market to provide buying, selling and storing opportunities on 55+ digital tokens with fees from 1.49%, and all within an FCA-licensed environment.

Cons

• Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges.
• IG applies an inactivity fee of $12-$18 per month after 2 years, deterring casual investors.
• IG has discontinued its swap-free account, reducing its appeal to Islamic traders.

Visit IG IG review

LMFX

2.6/ 5

Visit LMFX LMFX review

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.

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

At LMFX 29% of traders are profitable.

Pros

• Zero deposit fees
• LMFX has cut its minimum deposit from $50 to $5, making it more accessible
• VPS will cater to automated trading strategies

Cons

• Limited educational resources for newer traders
• Unregulated status lowers its safety score
• No support on weekends

Visit LMFX LMFX review