Academy News Purple Trading ranked among the brokers with the most profitable clients in the EU

Purple Trading ranked among the brokers with the most profitable clients in the EU

And it's not the first time!

Published: 16.04.2024

For clients

The regular quarterly data on client profitability, which brokers operating in the EU are obliged to publish, is out. And the results are once again looking very positive for Purple Trading clients! Wondering how our competitors fared? In this article, you will find a small comparison.

The European Securities and Markets Authority (ESMA), which oversees the regulation of brokers operating in the EU, makes it mandatory for all such brokers to disclose what percentage of their clients are in loss or profit. This is another way to protect retail traders and investors. This gives them additional aspects to consider when choosing a new broker, for example.

How to determine the profitability of a broker’s clients

Purple Trading is a broker regulated in Cyprus and thus falls within the European regulatory environment. We are also a broker with Czech roots, which brings with us a certain amount of curiosity. So we couldn't help but once again compare the profitability of clients of European brokers.

We ranked the profitability data from the brokers with the most profitable clients to the brokers with the least profitable clients. As you can see, Purple Trading is one of the top 3 brokers with the most profitable clients in the EU - more than a third of our traders end up in profit!

**Comparison of the number of profitable client accounts of leading European brokers**
*This number refers to CFD retail (client) accounts and is based on data for the period from 31 March 2023 to 1 April 2024)
BROKER	Percentage of profitable client's accounts
	49 %
	34 %
	33,70 %
	31,60 %
	30,18 %
	30,12 %
	30 %
	30 %
	29,36 %
	29,22 %
	29 %
	28,77 %
	28 %
	28 %
	28 %
	27,18 %
	27 %
	27 %
	26,56 %
	25,80 %
	24,50 %
	24 %
	24 %
	23,70 %
	23 %
	22,75 %
	22,30 %
	21,90 %
	19,93 %
	18 %

This table is based on a comparison of publicly available data on the percentage loss rate of retail CFD accounts for the period between 1 April 2023 and 31 March 2024. This figure can be found, for example, directly in the footer of brokers' websites, in pop-up windows (see Figure 1 and 2 below), or in the form of a disclaimer on all online marketing materials (banners, emails, ebooks).

If you don't see this information with your broker, it is probably not regulated within the European jurisdiction or you are trading with an off-shore version. Many brokers offer their services both on and off the European market.

_{Disclaimer indicating the loss rate of the broker's client accounts located in the footer of the website (source: Purple Trading)}

_{Some brokers also place disclaimers in pop-up windows on their websites (source: Purple Trading)}

Why trade with a regulated broker?

If you trade with a broker from our list, you can set aside any concerns about their clients' low profitability. Instead, take comfort in knowing that you’ve chosen a broker regulated within the EU, which offers several benefits for you.

Negative balance protection

Retail clients of brokers operating in the EU cannot lose more money than the balance in their trading account. No matter how severe the market conditions playing against them.

Segregation of client bank accounts

ESMA protects the capital of retail traders (you) from being misused by a broker for anything other than processing your order. Brokerage firms operating in the EU are thus required to place all of their client's funds in bank accounts, segregated from the firm's funds, and insured against its failure.

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