Forex Brokers in Europe released their unprofitability rates.
Per ESMA restrictions that go into effect TODAY, Forex Brokers in the European Union are required to provide a percentage of traders that are unprofitable in a warning notice on their websites. These warning notices are published in the footers of the websites, but they are also in the form of bottom pop-ups that can be closed out with ease. Any broker with a presence in the European Union has published this information, the Cypriot firms (CySEC regulated firms) have not yet released the information, but those with FCA licensing have done so.
What are the results?
Unprofitability Rates per European Broker
| Forex Broker | Percentage of Unprofitable Traders |
|---|---|
| Tickmill | 79.27% |
| Pepperstone | 79% |
| IG Forex | 79% |
| Forex.com | 80% |
| XTB | 80% |
| FXCM | 79.79% |
| GKFX | 82% |
| Saxo Bank | 71% |
| City Index | 76% |
| CMC Markets | 78% |
| FxPro | 85% |
| Plus500 | 80.6% |
| ETX | 76% |
| Darwinex | 69% |
| ThinkMarkets | 74.7% |
| AxiTrader | 75% |
| Admiral Markets | 85% |
The 90-95-98-99% of traders fail myth is dead.
On average, 78.2% of traders are unprofitable with the most profitable traders being found in the brokerage that promotes automated trading most, which is not surprising in the least. The good news is that prospective traders and traders from all over do not have to parrot the same lies. The truth is that a lot of traders are losing money, but not at the ludicrous figure that is being cited on forums and by “educators” who think that they have all the solutions.
This is a very healthy thing for the marketplace to consider and it is a goal for brokers to strive to lower. This is the only positive element of ESMA’s restrictions as client profitability becomes a priority and a competitive feature.
Facts over Forum Folktales.
The post Forex Broker Unprofitability Rates are Released in Europe appeared first on Freevestor.
