September 2024 Broker Showdown: Which Firms Led the Profit Race for Client Accounts?

In September 2024, the profit and loss ratios of client accounts across 29 brokers were analyzed. The detailed statistics are presented in the table below.

This month, the average profit rate among these brokers was 28.34%, while 71.66% of client accounts experienced losses. Compared to the average figures from August 2024, the percentage of profitable client accounts saw a slight increase of 0.46%. Notably, only two brokers exhibited changes in their monthly figures, with the remaining brokers maintaining the same ratios.

Leading the list, Hantec Markets reported the highest profit rate at 40%. Close behind, Valutrades and FXCM recorded profit rates of 38% each.

Several other brokers also reported profit rates exceeding 30%, including TradeView Markets (36%), Gildencrest Capital (35.94%), Admirals & ADSS (33%), One Financial Markets (31.5%), Earn (31.07%), ActivTrades (31%), and both IG Group & Tickmill (30%)*.

Source: Fazzaco