The results of Polish traders in the third quarter of this year are still good
Polish brokerage houses offering trading mediation on the Forex market presented the results achieved by their clients in the third quarter of this year (see results for the second quarter). Statistics have a positive effect, as they still show a lot of supplies to the mythical 5% of earning traders.
Pursuant to the PFSA guidelines that came into force in September last year, Polish DMs are required to report statistics on the percentage of earning and losing customers divided into asset classes. The data must be presented on the broker's site to 10 on the day of the month opening the new quarter for the previous 3 months.
Stable results
In the tables below, we present the results of traders with a breakdown into financial instruments expressed in percent. The list is missing only DM TMS Brokers, which has not yet presented its statistics until the publication of this article.
Forex
Broker | XTB | BOSSAFX | Noble Securities | DM Alior Bank | mForex |
Profit | 33,3 | 35,9 | 43 | 35,3 | 32,2 |
Strata | 66,6 | 64,2 | 56,7 | 64,7 | 67,8 |
CFD for goods
Broker | XTB | BOSSAFX | Noble Securities | DM Alior Bank | mForex |
Profit | 38,6 | 43 | 45 | 45,5 | 43,6 |
Strata | 61,2 | 57 | 54,4 | 54,5 | 55,9 |
CFD on indices
Broker | XTB | BOSSAFX | Noble Securities | DM Alior Bank | mForex |
Profit | 37,9 | 40 | 40 | 26,1 | 40,6 |
Strata | 62 | 59,7 | 60 | 73,9 | 49,4 |
CFDs on bonds and interest rates
Broker | XTB | BOSSAFX | Noble Securities | DM Alior Bank | mForex |
Profit | 49,1 | 46,2 | 25 | 100 | 45 |
Strata | 49,6 | 52,8 | 75 | 0 | 50 |
CFD per share
Broker | XTB | BOSSAFX | Noble Securities | DM Alior Bank | mForex |
Profit | 33 | 40,5 | 0 | - | 15,8 |
Strata | 66 | 59,5 | 100 | - | 84,2 |
Most effective on currencies in Noble Markets but ...
This time, DM Noble Securities clients managed best on currencies, where as much as 43% of traders achieved profit. Thus, the result is significantly better than in the case of competitors. But at the same time, they achieved the worst results on instruments such as CFD for shares (as much as 100% losers) and CFD on bonds and interest rates (75% losers).
Unfortunately, the reports submitted for KNF requirements do not contain data on the size of the sample. However, it can be assumed that in the case of Noble Markets it is relatively small compared to e.g. XTB - a company considered to be the largest broker in the region of Central and Eastern Europe.
Order execution - time and slippage
As in the previous quarter, XTB and Noble Securities were the only ones to present their data on the execution of orders - in the case of XTB, apart from the execution time, we also have information about price slippages in the execution.
In XTB, the average order execution time was 29 milliseconds (in the previous quarter it was 45 milliseconds). While "Standard order execution time", i.e. the maximum time in which 99 was realized,% of orders were 172 milliseconds (in the previous quarter they were 203 milliseconds).
In the case of Noble Securities, data regarding only the standard execution time of orders on the OTC market were disclosed. The average result is the execution during 458,68 milliseconds, which is more than twice as much as in the case of XTB. At the same time, the broker stipulates that the given value is not a guaranteed time, but only an orientation time given to customers for information purposes.
Slips when executing orders in XTB
Execution of orders in market mode on CFD instruments ended in 72,17% without slipping. 13,01% of orders recorded positive slip, and 14,82% negative slip for the customer. The data on accounts with instant execution of orders are slightly worse. 66,16% of orders were made at prices indicated by traders. 17,3% of orders passed positive slip, and 16,54% negative.