35% of traders earned 2017 in the second quarter. Brokers publish their statistics
Polish brokers published statistics on the results achieved by their clients for the second quarter of 2017. The list includes active clients of X-Trade Brokers, BossaFX, Noble Securities, DM Alior Bank and TMS Brokers. Among Polish DMs, there was only data from Dom Maklerski mBanku, which has not yet presented an official summary for the second quarter on its website.
According to the KNF guidelines, which entered into force in September last year, Polish brokerage houses providing Forex services are required to publish statistics of earning traders by the 10th day of the month beginning the new quarter. This time, some reports are enriched with an interesting element - the average order execution time and statistics on price slippage.
The "bonus" broker is Admiral Markets, which also decided to publish the above-mentioned data, although it is not obliged to do so.
35% of traders earned on Forex
On average, slightly more than one in three traders recorded a profit trading in the OTC market in currencies. Although still growing investors are a minority, it must be admitted that it looks quite good. The statistics are divided into groups of exchange rate contracts for currencies, commodities, indices, stocks, bonds and interest rates as well as vanilla options, which in fact only offer XTB.
All values presented in the tables present the percentage share of active customers who recorded a profit or loss (rounded to the nearest whole point). The percentage of people recording a clean balance was in each case close to zero.
Forex
Broker | XTB | BOSSAFX | Noble Securities | DM Alior Bank | TMS Brokers |
Profit | 35 | 38 | 35 | 34 | 35 |
Strata | 65 | 62 | 65 | 66 | 65 |
CFD for goods
Broker | XTB | BOSSAFX | Noble Securities | DM Alior Bank | TMS Brokers |
Profit | 38 | 43 | 41 | 34 | 39 |
Strata | 62 | 57 | 59 | 66 | 61 |
CFD on indices
Broker | XTB | BOSSAFX | Noble Securities | DM Alior Bank | TMS Brokers |
Profit | 38 | 41 | 40 | 23 | 39 |
Strata | 62 | 59 | 60 | 77 | 61 |
CFDs on bonds and interest rates
Broker | XTB | BOSSAFX | Noble Securities | DM Alior Bank | TMS Brokers |
Profit | 48 | 55 | 80 | - | 66 |
Strata | 50 | 45 | 20 | - | 34 |
CFD per share
Broker | XTB | BOSSAFX | Noble Securities | DM Alior Bank | TMS Brokers |
Profit | 33 | 43 | 25 | - | 31 |
Strata | 66 | 57 | 75 | - | 69 |
Options
Broker | XTB | BOSSAFX | Noble Securities | DM Alior Bank | TMS Brokers |
Profit | 18 | - | - | - | - |
Strata | 81 | - | - | - | - |
BossaFX customers in the lead
In the case of Forex transactions, the best results were achieved by BossaFX (38%) customers, however, the differences were not significant. The average result is 35,4%. BossaFX also looks best when it comes to CFDs on indices and commodities, although here the discrepancies are also not great. The worst in the ranking is DM Alior Bank, where in fact in each category (with the exception of CFD for shares, bonds and interest rates and options that they do not offer) is the worst. Is the order execution model (the only ECN broker in the ranking) relevant in any way? Hard to say.
The best results were achieved by traders on CFDs on bonds and interest rates (62,25%), but it should be remembered that these instruments enjoy the least interest among traders. This means that the statistical sample is so low that the data they can be completely unreliable (for some brokers we are talking about less than 10 clients).
Forex statistics as a marketing tool
Admiral Markets, although currently officially a British broker, has been operating on the Polish market for many years. Therefore, a decision was made not to stand out in this respect from Polish brokerage houses and also to share the results of their clients. Maintaining such "solidarity" and transparency is undoubtedly a positive marketing activity.
The differences are in most cases symbolic. The earnings in currencies are the hardest in the eyes, where profit only reached 31% traders, which gives 4% a lower result than the average in Poland. The best results were recorded by CFD traders on goods.
Forex | CFD for goods | CFD on indices | CFD per share | |
Profit | 31 | 41 | 39 | 40 |
Strata | 69 | 59 | 61 | 60 |
Average times of execution of orders
In the second quarter, in a separate announcement XTB reported that the average execution time of the order was 45 milliseconds. The maximum time (which in this case is understood as the implementation of 99% of orders) was 203 milliseconds.
27,65% orders executed in the market mode (Market) were concluded with a slippage of prices. Of which almost half (46,6%) of them was implemented with positive slip, i.e. in favor of the customer. For instant execution accounts (Instant) 32,41% orders have been completed with a slip. And here, interestingly, over 51% from them they recorded a positive slip, generating additional profit for traders.
In the case of DM Noble Markets customers, the average order execution time at standard market conditions was 411,13 milliseconds. No more details were given.
Unfortunately, only two brokers published official lead times for the second quarter, and only XTB boasted about the quality of implementation in terms of slips. Therefore, it is difficult to draw objective conclusions. We hope that in three months this information will also be shared by other brokerage houses.
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