Correct, FxPro UK is 77%. The one that I mentioned above is probably the FxPro Global Markets Ltd (85%)And some UK CFD brokers -
- Capital.com - 80%
- FXPro - 77%
- CMC Markets - 76%
- IG - 76%
- OvalX - 76%
- Oanda - 76%
- Pepperstone - 74%
- City Index - 74%
- XM Group - 74%
- Fineco Bank - 70%
- IBKR - 68%
Agreed. The data is so general its dangerous to draw conclusions. Certainly its not valid for selecting this or that broker.It would be interesting to know out of the above listed brokers which ones are DMA and which are not. IBKR which has the lowest listed losing rate is DMA. More information is needed on the percentage breakdown of markets traded by customer. So if say one broker has 70% of clients trading FX where another has only 50% then that can affect the losing percentages especially if one broker has a high number of clients trading stocks on a long term strategy. The figures on their own do not give a clear picture in my view.
Yes that is the point I was making in that if you are betting against the company who hold your funds then you would expect the percent of losers to be higher than a DMA broker.Agreed. The data is so general its dangerous to draw conclusions. Certainly its not valid for selecting this or that broker.
On DMA, I'm thinking no SB or CFD can be DMA, they're both derivatives, the trade is a private bet with the broker.
I don't see much opportunity for preferring DMA brokers over others from the data we've got up here, even if assuming that only the best scores from DarwinAYC were DMA.Yes that is the point I was making in that if you are betting against the company who hold your funds then you would expect the percent of losers to be higher than a DMA broker.
Interesting insights. I doubt that regulated brokers would manipulate these numbers, because they can be easily verified by the regulator. Also, if they manipulated, the spread would be small - they all would want to keep close to the numbers of each other. We can see that tier 1 brokers' numbers are smaller. So most of your assumptions are probably correct.Is Intertrader missing from the list at 68%?
So the million dollar question is...why is there such a spread of percentage from 64% through 85%?
Is the answer......
The range 64% through 85% is too big to be ignored and not questioned.
- Percentages of losing accounts quoted by forex brokers are manipulated or outright false.
- Some forex brokers have better charting facilities.
- Some forex brokers have bigger spreads.
- Advertising from some forex brokers attracts clients with worse trading abilities.
- Response time to process trades is better with some forex brokers.
- Some forex brokers display quotes which are not always realtime.
- Some forex brokers have better trading facilities.
- And so on.............................
Yes, as for IG, I know that they are sponsors here. But I also (for equality's sake) attached links to all the brokers. But now most of it disappeared. Only Darwinex still has the link.When you hover over the IG link you'll note an affiliate link with T2W
I attached the links to all the brokers, when I saw that IG gets the link automatically. But now I see that all the links were deleted, except Darwinex and IG. I didn't do it. I will remove the Darwinex link as well.And the final question is ...why is DarwinAYC providing a link to Darwinex's website? Is this thread just an advert for Darwinex UK?
How do you know these numbers? It's interesting but I doubt its credibility.
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