Profit and loss statistics of Polish traders for the second quarter of 2019

The second quarter of 2019 year is behind us. Polish brokerage houses offering trade on FX / CFD instruments have published aggregate statistics of their clients. Did the low lever show that it is still translating into smaller losses of traders?

Be sure to read: The results of Polish traders for the first quarter of 2019

This is the last quarter that has been fully covered by ESMA regulations (including limited leverage). The European product intervention has not been extended and expires on 1 August 2019. Is this a reason to be happy? Not yet. Some of the EU member states have already introduced their own regulations in the unchanged formula and maintained the maximum leverage at the 1 level: 30 (for major currencies). Still we are waiting for the decision of the Polish authoritiesand news from the European cradle of the Forex market - z Cyprus.

Clearly worse on goods and CFDs

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.

Forex

CFD for goods

CFD on indices

CFDs on bonds and interest rates

CFD per share

Cryptocurrencies

TMS Brokers remains the only Polish brokerage house that specifies cryptocurrency instruments in its statistics. In the last quarter, the percentage of traders earning on CFDs based on virtual assets was 46,3%and lossy 53,3%. Relative to the first quarter of this year this is a result up to + 23,4 % better. Is it the effect of decisive moves on Bitcoinie?

Table summary

In the second quarter of 2019, the highest percentage of traders who recorded a profit concluded transactions in mForex (49,85%). The clients of DM Alior Bank, BossaFX and Noble Securities performed slightly less well. The ranking closes XTB, which is marked by significantly inferior statistics (less than 40% of earners).

Goods are an infamous part of this edition of the ranking. A clear decline in profitability on this type of assets was recorded by clients of all Polish brokerage houses. The smallest change occurred in BossaFX (-2,30%), but in the case of Noble Securities it was already -16%. Ultimately, mForex clients went best (almost half recorded a profit), and the worst is DM Alior Bank.

For the second quarter in a row, the best results on indices were achieved by Noble Securities clients - additionally, they managed to improve them even more in relation to the quarter by over 1%. Again, DM Alior Bank fared the worst, and only here there were more customers who lost than in the previous ranking.

A significant deterioration can be seen on CFD instruments for bonds and interest rates. Although with the candle you need to look for traders who trade on this type of asset, but you can see that the last quarter was not kind to them. Only mForex clients (better by slightly over 1%) improved, while in the case of other companies the results are worse than 2,71% up to 33,4% vs. last quarter. Noble Securities's clients dropped the best in the entire list, despite a large drop.

On CFD instruments based on shares, the traders trading in XTB again fell out the best, even though the result was worse than last quarter. It is also worth noting that XTB customers have the widest choice when it comes to this type of instruments on offer. In BossaFX and TMS Brokers, less than 30% of clients recorded a profit on them.

Order execution - time and slippage

By default, we also publish statistics on the parameters of execution of orders. They are published only by a few brokers, which include BossaFX, Noble Securities and X-Trade Brokers SA.

In the case of BOSSAFX the standard time of execution in the second quarter of 2019 was 61 milliseconds and this is the result about 27 milliseconds better in relation to the first quarter of 2019, and thus it is the lowest execution time since at least 6 months.

The average time includes 'client orders' understood as pending orders at market prices, as well as cancellations and modifications to the parameters of these orders.

Broker Noble Securities gave in the message information on the standard time of execution of clients' orders on the OTC market (ie average time of order execution under standard conditions). In the second quarter, the average time was 431.74 milliseconds and this is the result about 46,52 inferiorthan the result achieved in the first quarter of 2019.

Average execution time of orders in XTB in the second quarter of the year 2019 amounted to 60 milliseconds. This is a significant improvement over the first quarter, where this time was up to 139 ms. The Standard Order Processing Time in XTB, understood as the maximum execution time of the order in which 99% of orders were processed, was 403 milliseconds and this is a result of almost 30% better compared to last quarter.

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 68,03% the transactions were made with a price slippage equal to 0, 15,42% with positive, 16,55% with negative slip for the customer. For execution of orders in instant mode on CFD instruments 63,33% were made with 0 deviation from the order price, 18,52% with positive deviation and 18,15% with negative deviation for the customer. Differences in relation to the fourth quarter are marginal.

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

The obligation to publish quarterly statistics is imposed by the Polish Financial Supervision Authority only on Polish brokerage houses, but the shares are regularly joined by two foreign brokers - Admiral Markets and CMC Markets. The results of customers who use the services of these companies are presented in the tables below.

CMC Markets

The British broker also presented the results of cryptocurrencies for another month in a row. They turned out to be much better than in the previous quarter - an increase was recorded by as much as 14% compared to. Thus, it is the asset class that fared best in the overall ranking. We observe a slight increase only in the indices. In other cases, the results turned out to be worse.

Admiral Markets

The results of the popular Admiral's clients show that the improvement was recorded only on the stock market - both on CFDs on the stocks and on indices. A clear decrease, by as much as almost 11%, is visible in goods and it is identical to the phenomenon observed among Polish DMs.

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