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

We closed the third quarter of 2019. Traditionally, we publish a list of statistical results achieved by clients of Polish brokerage houses on FX and CFD instruments. This quarter is extremely interesting because two of the three months already cover the period after the introduction of the new categorization on the Polish market by the Polish Financial Supervision Authority - experienced customer.

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

It is rather unlikely that in such a short time Polish traders managed to switch to a higher leverage in a significant percentage, but it can be assumed that in this list there is already a greater number of traders with a jack higher than 1: 30 than it was in the previous quarter . The summary of the fourth quarter should show a more reliable picture of the possible impact (or lack thereof) of the introduction of extended investor categorization.

Clearly better on commodities, worse on currencies

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 32,8%and lossy 67,2%. Relative to the second quarter of this year. this is the result of Fr. -5,5% worst.

Table summary

The third quarter of 2019 shows a certain trend. In the period from June to September, Polish traders recorded the greatest improvement in results on commodities and indices - the profitability of all brokers increased. In the case of goods, the highest increase in the percentage of earners was in Noble Securities (almost + 14%), but the highest result was reported by BossaFX customers. In four out of six companies, the 50% threshold was exceeded. Is the commodity market becoming our horse? Or is it the effect of strong trends in precious metals and crude oil?

On the indices, which are undoubtedly very popular in Poland, the results are worse, but also clearly better than in the second quarter of this year. The greatest, because over 10 improvement was recorded by DM Alior Bank, but only in Noble Securities the level was exceeded 50% profitability. The worst went to XTB customers, but you can still consider these results quite good (over 42% of earners).

The currency market turned out to be less “friendly” and here we can see a clear deterioration in the statistics. Only the clients of Noble Securities slightly improved the level of profitability, thus achieving the best result in the ranking (nearly 50%). In the case of other brokers, we observe a decrease from less than -2,5% to as much as -8% compared to the previous quarter.

Bonds and interest rate-based CFDs are always the most extreme in results. The reason is of course the low statistical sample. An interesting fact in this ranking is the fact that all customers of TMS Brokers (or one person 🙂) have recorded a profit on these assets. In Noble Securities, statistics remained at the same level, and in XTB and BOSSAFX have decently improved.

In the case of CFDs on shares, we see almost the opposite situation in TMS Brokers, where more than 80% of traders recorded a loss. I must admit that this is a group of instruments that regularly falls quite pale against the rest.

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 the standard execution time in Q3 2019 was 83 milliseconds and this is the result about 22 inferior relative to Q2 2019.

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 17,77 milliseconds compared to Q2 and amounted to 413,97 milliseconds.

Average execution time of orders in XTB in Q3 2019 was 37 milliseconds. This is another month in a row where this value is clearly improving, this time by 23 ms (earlier from 139 ms to 60 ms). The Standard Order Processing Time in XTB, understood as the maximum order execution time in which 99% of orders were carried out, was 172 milliseconds and this result is about 40% better 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 68,48% the transactions were made with a price slippage equal to 0, 15,17% with positive, 16,35% with negative slip for the customer. For execution of orders in instant mode on CFD instruments 63,82% were made with 0 deviation from the order price, 18,41% with positive deviation and 17,77% 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

Customer statistics of CMC Markets in the third quarter deteriorated overall. The largest decrease in profitability was recorded on cryptocurrencies and shares, but it does not look good on Forex instruments. The results on CFDs based on bonds and interest rates improved and only there was the 50% barrier exceeded.

Admiral Markets

Customer statistics AM show a mixed picture. On the one hand, the results on indices and commodities were significantly adjusted (every second trader recorded a profit) and this is also in line with the observed trend among Polish brokers, but also declines were recorded on currencies and shares.

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