What Percentage of Forex Traders Lose Money?

Trading the financial markets is notoriously difficult and many wonder what percentage of forex traders fail. Using official data from 30 ESMA regulated brokers, my research shows that an average of 74.9% of forex traders lose money.

I was able to gather the data because forex and CFD brokers are now required by ESMA (the European Securities and Markets Authority) to disclose the percentage of their clients that lose money. Brokers even have to disclose the percentage of losing traders in their advertisments.

The table below breaks down the official statistics from 30 leading brokers.

Updated May 16th 2023

BrokerPercentage of Retail Traders that Lose Money
CPT Markets41.7%
FXOpen60%
Fineco64.1%
HYCM66%
Trade Nation66.2%
Ardu Prime70% 
City Index72%
RoboMarkets73.2%
easyMarkets74%
CMC Markets74%
Tickmill74%
FXCM 75%
Dukascopy75.2%
Skilling76%
Avatrade76%
FBS76.4%
Forex.com77.1%
IC Markets77.3%
XM77.3%
FXPro77.5%
IG79%
OANDA 79%
XTB79%
Pepperstone79.7%
IQ Option83%
ActivTrades84%
Capital.com84%
M4Markets85%
Libertex85.9%
Plus50086%
The requirement for brokers to show the percentage of their clients losing money dates back to January 2018, when the European Securities and Markets Authority (ESMA) rolled out the European MiFID II directive.