Polish Forex brokers presented trader statistics for the first quarter of 2020

Once again Polish Forex brokers published statistics on the percentage of clients earning and losing, broken down into various asset values. Although it's been 1,5 months since the quarter closed, it's worth looking at these results, because they include March 2020, which is the most interesting month on financial markets for almost a decade.

Be sure to read: Results of Polish traders for the fourth quarter of 2019

Is, among others the leverage reduction introduced less than 2 years ago by ESMA, made the results achieved by traders better? Or maybe they weren't that bad, had the higher leverage been maintained? We present our conclusions in a summary below the tables.

It is certain, however, that large exchange rate fluctuations, record cheap oil and a long-awaited sell-off in the stock market have attracted a huge number of new investors to capital markets. The financial results are confirmation XTB and news from the broker eToro.

Check out these articles:

• XTB net profit increased in Q22 by 962%
• eToro is undergoing a real siege and had 13 million customers in Q2020 XNUMX.

Polish brokers are observing a decrease in profitability

In the tables below, we present the results of traders with a breakdown into financial instruments expressed in percent, which concluded transactions on investment accounts in Polish brokerage houses. The last line contains a difference in the results from the previous quarter, which illustrates the change in trends in the short term.

The largest (profit / loss) values ​​were determined with the blue color in relation to all brokers in the statement.

The list has shrunk by one broker - from activity to Forex market Noble Securities withdrew, handing over its clients to TMS Brokers at the end of last year.

Forex

CFD for goods

CFD on indices

CFD per share

Table summary

In the first quarter of 2020, all Polish brokers recorded a decrease in the profitability of their clients on currency instruments. For the second month in a row, the first place (BossaFX - interestingly, despite the biggest drop in profitability) and the last (XTB) were kept. It can be seen, however, that volatility did not help in achieving positive results and the statistics clearly drifted away from the level of 50% profitability.

The balance of power on the commodities and raw materials market is similar - BossaFX's customers are in first place. However, the biggest drop was recorded in TMS Brokers, which practically caught up with XTB.

In the case of indices, all Polish brokers, except DM Alior Bank, noted a worsening of results. The effect of an unexpected discount or a desire to catch holes? This is not known. It is known, however, that next to shares, it turned out to be the most difficult type of instruments to trade in the past quarter.

For equity contracts only three brokers participate in the list. Less than 1/5 of clients reported a profit on CFD on shares in TMS Brokers. The best performers were XTB customers with a big advantage over their competitors.

Slips when executing orders in XTB

The largest Polish broker was the only one to publish data on price slippage. For execution of orders in market mode on CFD instruments 58,34% the transactions were made with a price slippage equal to 0, 20,32% with positive, 21,34% with negative slip for the customer.

For the execution of orders in instant mode on CFD instruments 56,75% were made with 0 deviation from the order price, 21,85% with positive deviation and 21,40% with negative deviation for the customer. Differences from the previous quarter are negligible.

This means, on average, about 12% more orders processed with slippage, which is very likely a side effect of increased market volatility.

XTB again presented the average value of spreads broken down into volume ranges:

1. from 0.0 to 1.0 flight,
2. from 1.01 to 5.0 flights,
3. from 5.01 to 15.0 flights,
4. from 15.01 to 30.0 flights,
5. from 30.0 flights up.

Foreign Forex brokers

Only Polish Forex brokers are obliged to publish quarterly statistics, however, two foreign brokers regularly join the shares of their own free will - Admiral Markets and CMC Markets. The results of customers who use the services of these companies are presented in the tables below.

CMC Markets

For CMC Markets clients, people trading on currencies went best, and the worst, as with Polish brokers, on the stock market and indices. Profitability dropped on all shares.

In the fourth quarter, the largest positive change is observed on CFDs on shares and currencies, where the percentage of earners approached 50%. The best results were recorded on the commodity market, where every second person ended the quarter with a profit. Indexes and cryptocurrencies remain in the tail.

Admiral Markets

In the popular Admiral, the percentage of people earning on currencies and CFDs on shares is the highest in the whole statement. Despite the significant deterioration of results, Polish brokers are clearly worse in comparison with AM. The worst results were recorded on the commodity market, the best on stocks.

Admiral Markets, as the only broker, regularly publishes detailed data on the execution of orders of its clients on-line.