This paper collected a total of 35 brokers' profit and loss ratio data for customer accounts in May 2023, among which, because Blackwell Global's data has not been updated for a long time, and its customer account loss ratio is low, in order to avoid affecting the average data, the broker has been removed from the list. See the following table:

Among the 35 brokers in the month, an average of 25.92% of client accounts made a profit and 74.08% suffered a loss.

Swissquote ranks first with a 45% share of customer account profitability. Darwinex is close behind, with a 42% share of account earnings. Other Brokers in the top 5 for account earnings are FXOpen (40%), JFD Brokers (33.14%), City Credit Capital (31.96%) and ADS Securities (31%).

The Capital Index had the highest loss ratio, with 86.2 per 100 customers. iFOREX Europe (85.37%), Plus500 (84%), FXPro (83.39%), One Financial Markets (83.1%), Pepperstone (80.9%), GBE brokers (80.79%) and Dukascopy (80.02%) both reported customer account losses of more than 80%.

*OvalX data has been replaced with Capital.com and therefore does not participate year-on-year.

*HYCM's data is 73-76%, with an average of 74.5%

As can be seen from the table above, compared with April 2023, a total of 4 brokers' customer accounts have become more loss-making in the month (marked red), but 9 brokers' customer accounts have decreased in the month (marked green), and the profit and loss ratio of the remaining brokers' customer accounts has not changed. Compared with May 2022, the loss ratio of 18 brokers' customer accounts increased this month, and the loss ratio of 11 brokers' customer accounts decreased.

Among them, the most significant changes are: Swissquote's customer account loss ratio decreased by 7%; At eToro, losses on customer accounts rose 10 per cent from the previous month.