It's been more than a year since the outbreak of the COVID-19 pandemic, which brings a huge growth in trading volumes to a number of trading platforms and commodities. The pandemic is expected to have a huge impact on forex trading and financial markets for a long time.
Fazzaco has collected a total of 37 retail brokers' data from December 2021 to see the dealings of brokers and retail traders.
*The actual loss ratio for Swissquote is 74-89%, with the average values applied in the table above.
As you can see from the chart, the average winning rate is 28.07% and the average losing rate is 71.93%.
FXOpen ranks number one for a whopping 40% winning ratio. Saxo Bank is in second place with 39% winning rate. Other brokers in the top 5 are also notable: One Financial Markets (35.8%), TeraFX (35.66%) and IG Group (34%).
Brokers like FxPro, Swissquote and Capital Index are still shown over 80% losing ratio.
*The actual loss ratio for Swissquote is 74-89%, with the average values applied in the table above.
It can be seen from this table that among the 37 brokers, 3 brokers have higher lossing ratio, 1 has lower, and other brokers keep the the same lossing ratio.
Of particular note was the change in the data for FxPro. Its lossing ratio improved the most, from 73.76% in November to 85.32% in December 2021.
By contrast, GBE brokers reports a 1.9% MoM decline in lossing ratio in December.