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

17 months - this is exactly how long it has been since the introduction of product intervention in the European Forex market. Does anyone remember how it was before? After all, this is a market with relatively high "rotation" among investors, which means that for those with a shorter history, a leverage of 1:30 is normal.

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

What has changed during these 2 years? First of all, European brokers had to face a competition that ESMA did not cover. Initially, there was a massive outflow of clients in search of greater leverage, but recent statements by representatives of the largest Polish brokers suggest that this phenomenon has already passed. Could traders care less about high leverage and began to get used to it? 

During this time, the market itself went into a consolidation phase, and some players had to withdraw from it. Therefore Noble Securities appears for the last time in the latest statement of the results of Polish brokerage houses (results cover the period to November 20, 2019). Let's take a look at the traders' profitability results for the last quarter of 2019.

Much worse on goods and indexes

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 details cryptocurrency instruments in its statistics. In the last quarter, the percentage of earning CFD traders based on virtual assets was 34,6%and lossy 65,4%. Relative to the second quarter of this year. this is the result of Fr. + 1,8 % better.

Table summary

The fourth quarter of 2019 brings many changes in previously observed trends. The most accurate decisions on Forex transactions were made by BossaFX clients. At the same time, it is the only broker that has exceeded 50%, even despite the improvement of results in 4 out of 6 companies. Customers were the worst quarter in a row XTB.

Blood was "shed" on the goods. Only in XTB has the percentage of people earning on these assets increased. There is a clear deterioration in the remaining brokers. The biggest negative change was observed in Noble Securities (almost -11%), but it was DM Alior Bank that lost the most customers.

We observe a similar state of affairs on the stock indexes. Again, only in XTB profitability improved and the largest decrease occurred in DM Alior Bank, where 3/4 customers lost at the same time.

Bonds, showing the least reliable statistics (due to a low sample size), show a 180-degree return on TMS Brokers. In the third quarter, 100% recorded a profit, now 100% can "boast" a loss. The mForex traders fared the best.

For equity contracts only three brokers participate in the list. The first place was taken by XTB customers, the last by TMS Brokers, but in no case the 40% of earners barrier was exceeded, which can easily be said that CFDs on stocks cause traders the most problems.

Order execution - time and slippage

The statistics on the execution of orders were published by three brokers: BossaFX, Noble Securities and X-Trade Brokers SA.

In the case of BOSSAFX standard execution time in 2019 Q95 was XNUMX milliseconds and this is the result about 12 inferior relative to 2019 Q22 (XNUMX ms worse before).

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 informed that the standard execution time for clients' orders on the OTC market (i.e. the average execution time under standard conditions) has improved by 301,95 milliseconds relative to QXNUMX and amounted to 112,02 milliseconds.

Average execution time of orders in XTB in the fourth quarter of 2019 amounted to 85 milliseconds. Thus, the good run was broken and for the first time in three quarters this result deteriorated by 3 ms. The Standard Order Processing Time in XTB, understood as the maximum order execution time in which 48% of orders were completed, was 313 milliseconds and the result is almost twice worse than before.

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 70,51% the transactions were made with a price slippage equal to 0, 13,93% with positive, 15,56% with negative slip for the customer. For execution of orders in instant mode on CFD instruments 66,37% were made with 0 deviation from the order price, 17,05% with positive deviation and 16,58% with negative deviation for the customer. Differences from the previous quarter are negligible.

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

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

The results of AM clients are optimistic. There were increases for each asset group. The greatest improvement can be seen on CFDs on stocks and stock indices. Equity contracts turned out to be the "easiest" for traders to figure out and as many as 54% of them posted a profit on these transactions in the fourth quarter.

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