Clarytrade
20 brokers indexedcommission weighted 0%
Clarytrade research

What share of retail clients lose money at each CFD broker?

Every regulated CFD broker in the UK and EU must publish the share of its retail accounts that lost money over the last twelve months. We read that line on 11 brokers' own sites, entity by entity. The answer runs from 65% to 81%, and the same brand often reports two different numbers.

The number is easy to find and almost never compared. Since 2018 in the EU and 2019 in the UK, a CFD provider has to state, in a fixed sentence, what percentage of its retail accounts lost money over the previous twelve months, and refresh it at least every three months. Brokers display it in the footer, where nobody reads it, and no comparison site tabulates it. So we did, reading the sentence on each broker's own site and recording it verbatim with the entity, the URL and the date.

Across 20 point figures the median is 72.95% of retail accounts losing money, with a spread from 65% to 81%. Where a brand publishes both a UK and an EU figure, the EU figure was the higher one in 4 of 5 cases and identical in 1. 2 entities publish a range instead of a number, and 14 international sites we read publish no percentage at all.

Informational only, not financial advice. A loss rate is a statistic about a broker's past clients, not a prediction about you and not a measure of the broker's quality. The figures move every quarter; the read date is shown on every row.

Key numbers

The Q3 2026 snapshot (last read 1 Sept 2026)

Computed from the records below. Ranges are excluded from the median; partner-supplied and search-indexed figures are labelled as such and never presented as our own read.

11
brokers with a published figure
22
entity-level records
72.95%
median share of retail accounts losing money
65%–81%
lowest to highest point figure
4/5
brands whose EU figure exceeds their UK figure
17
records read first-hand on the broker's site
The table

Published loss rate, highest first

One row per legal entity. Click a broker for its register-checked regulation page; the source link opens the page the sentence was read on.

BrokerEntity · regulatorSiteLose moneyProducts in the sentenceHow we got itRead
Capital.comCapital Com Group Ltd
CySEC 463/25
EU74–89%CFDsRead on site source 1 Sept 2026
LiteFinanceLiteforex (Europe) LTD
CySEC 093/08
EU81%CFDsRead on site source 1 Sept 2026
Capital.comCapital Com Online Investments Ltd
SCB (Bahamas)
International79.75%CFDsRead on site source 1 Sept 2026
XTBXTB Limited (Cyprus)
CySEC 169/12
EU77%CFDsRead on site source 1 Sept 2026
XTBXTB S.A.
KNF
Poland77%CFDsRead on site source 1 Sept 2026
RoboForexRoboForex Ltd
FSC (Belize)
International75.85%CFDsProxy read source 1 Sept 2026
IGIG Bank S.A.
FINMA
Switzerland75%CFDsIndexed copy source 25 Aug 2026
ThinkMarketsTF Global Markets (UK) Limited
FCA 629628
UK75%CFDsProxy read source 1 Sept 2026
Capital.comCapital Com SV Investments Ltd
CySEC 319/17
EU74%CFDsRead on site source 30 Aug 2026
XTBXTB Limited (UK)
FCA 522157
UK74%CFDsRead on site source 1 Sept 2026
TickmillTickmill Europe Ltd
CySEC 278/15
EU73%CFDsRead on site source 1 Sept 2026
PepperstonePepperstone Limited
FCA 684312
UK72.9%spread bets and CFDsRead on site source 1 Sept 2026
PepperstonePepperstone EU Limited
CySEC 388/20
EU72.9%CFDsRead on site source 1 Sept 2026
IC MarketsIC Markets (EU) Ltd
CySEC 362/18
EU72.52%CFDsRead on site source 1 Sept 2026
EightcapEightcap EU Ltd
CySEC 246/14
EU71.9%CFDsRead on site source 1 Sept 2026
IGIG Europe GmbH
BaFin 148759
Germany71–72%CFDsIndexed copy source 25 Aug 2026
IGIG Markets Limited
FCA 195355
UK69%spread bets and CFDsIndexed copy source 25 Aug 2026
TickmillTickmill UK Ltd
FCA 717270
UK69%CFDsRead on site source 1 Sept 2026
AxiSolaris EMEA Ltd (trading as Axi)
CySEC 433/23
EU67.24%CFDsRead on site source 1 Sept 2026
AxiAxi Financial Services (UK) Limited
FCA 466201
UK66.36%CFDsRead on site source 1 Sept 2026
RoboForexRoboMarkets Ltd
CySEC 191/13
EU65.68%CFDsRead on site source 1 Sept 2026
Capital.comCapital Com (UK) Limited
FCA 793714
UK65%spread bets and CFDsRead on site source 30 Aug 2026
The sentences, verbatim
  • Capital.com · Capital Com Group Ltd (EU): Between 74-89% of retail investor accounts lose money when trading CFDs.Range format on the newly licensed second Cyprus entity (licensed 10 Nov 2025). On 1 Sep 2026 the EU homepage carried this range; the SV Investments point figure above was read on 30 Aug.
  • LiteFinance · Liteforex (Europe) LTD (EU): 81% of retail investor accounts lose money when trading CFDs with this provider.The highest point figure in the table. The group's international site (litefinance.org) publishes no percentage.
  • Capital.com · Capital Com Online Investments Ltd (International): 79.75% of retail investor accounts lose money when trading CFDs with this provider.An offshore entity that publishes a figure voluntarily; the highest of the four Capital.com entities.
  • XTB · XTB Limited (Cyprus) (EU): 77% of retail investor accounts lose money when trading CFDs with this provider.
  • XTB · XTB S.A. (Poland): 77% rachunków inwestorów detalicznych odnotowuje straty pieniężne w wyniku handlu kontraktami CFD u niniejszego dostawcy CFD.Polish-language disclosure: "77% of retail investor accounts record losses trading CFDs with this CFD provider."
  • RoboForex · RoboForex Ltd (International): 75.85% of retail investor accounts lose money when trading CFDs with this provider.An offshore entity that publishes a figure voluntarily; roboforex.com would not complete a direct fetch from our machine.
  • IG · IG Bank S.A. (Switzerland): 75% of retail investor accounts lose money when trading CFDs with this provider.
  • ThinkMarkets · TF Global Markets (UK) Limited (UK): 75% of retail investor accounts lose money when trading CFDs with this provider.thinkmarkets.com returns 403 to direct fetches; the EU (CySEC) entity's site could not be reached from outside the EU.
  • Capital.com · Capital Com SV Investments Ltd (EU): 74% of retail investor accounts lose money when trading CFDs with this provider.
  • XTB · XTB Limited (UK) (UK): 74% of retail investor accounts lose money when trading CFDs with this provider.
  • Tickmill · Tickmill Europe Ltd (EU): 73% of retail investor accounts lose money when trading CFDs with Tickmill Europe Ltd.Identical wording was supplied in writing by the Tickmill affiliate team on 2026-08-22.
  • Pepperstone · Pepperstone Limited (UK): 72.9% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
  • Pepperstone · Pepperstone EU Limited (EU): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.9% of retail investor accounts lose money when trading CFDs with this provider.Identical figure to the UK entity. Our June record for this brand held a range-format warning ("Between 73-89 %"); the EU site shows a point figure today.
  • IC Markets · IC Markets (EU) Ltd (EU): 72.52% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd.
  • Eightcap · Eightcap EU Ltd (EU): 71.90% of retail investor accounts lose money when trading CFDs with Eightcap EU Ltd.The page source also carries an older 71.28% variant of the same sentence; the displayed banner reads 71.90%. UK and Australian paths on eightcap.com served this same EU page, so no separate UK/AU figure could be isolated.
  • IG · IG Europe GmbH (Germany): 71–72% of retail investor accounts lose money when trading CFDs with this provider (figure varied between indexed copies).
  • IG · IG Markets Limited (UK): 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
  • Tickmill · Tickmill UK Ltd (UK): 69% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd.
  • Axi · Solaris EMEA Ltd (trading as Axi) (EU): 67.24% of retail client accounts lose money when trading CFDs with this provider.Says "retail client accounts" rather than the usual "retail investor accounts". axi.com/eu redirects to axi-solaris.com.
  • Axi · Axi Financial Services (UK) Limited (UK): 66.36% of retail investor accounts lose money when trading CFDs with this provider.Two figures on one page: the top banner reads 66.36% (matching the wording Axi's partner team supplied on 2026-08-17); the footer of the same page reads 72.47%, with "CFDs" spelt using a Cyrillic С. Raised with Axi for confirmation.
  • RoboForex · RoboMarkets Ltd (EU): 65.68% of retail investor accounts lose money when trading CFDs with this provider.Sister company of RoboForex Ltd in the same group, operating under the RoboMarkets brand.
  • Capital.com · Capital Com (UK) Limited (UK): 65% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Pattern

Same brand, two numbers

The figure belongs to a legal entity, not to a brand. A broker's UK, EU and Australian companies each report their own client base.

Of the 5 brands in this table with both a UK figure and an EU figure, 4 report a higher share of losing accounts in the EU and 1 the same figure on both sites. The plausible drivers are boring: the two entities have different client mixes, different product mixes (UK sites often count spread bets alongside CFDs), and different twelve-month windows. What the pattern does confirm is the point our entity checker exists to make: which company onboards you changes the disclosures you get, the protections you have and, apparently, the odds of the clients around you.

The offshore and Australian end of the same brands is the other half of the story. On 14sites we read, the risk warning carries no percentage at all. No offshore regulator requires the figure and Australia's rules do not mandate this sentence, so clients onboarded there trade without the one statistic their EU and UK counterparts are shown.

BrokerEntity · regulatorSiteWhat the warning says insteadRead
PepperstonePepperstone Group Limited
ASIC 414530
AustraliaTrading CFDs and margin FX is risky. It isn't suitable for everyone and if you are a professional client, you could lose substantially more than your initial investment. source1 Sept 2026
IC MarketsRaw Trading Ltd
FSA Seychelles SD018
InternationalPrices may fluctuate and securities can become entirely valueless. You may incur losses that exceed your potential profits. source1 Sept 2026
XTBXTB International Limited
IFSC Belize
InternationalThe financial instruments we offer, especially CFDs, can be highly risky. source1 Sept 2026
TickmillTickmill Ltd
FSA Seychelles SD008
InternationalTrading financial products on margin carries a high degree of risk and is not suitable for all investors. Losses can exceed the initial investment. source1 Sept 2026
AxiAxiCorp Financial Services Pty Ltd
ASIC 318232
AustraliaCFDs and Margin FX are leveraged products that carry a high level of risk to your capital. Trading is not suitable for everyone and may result in you losing your initial investment. source1 Sept 2026
Fusion MarketsFMGP Trading Group Pty Ltd
ASIC 385620
AustraliaCFDs are complex financial instruments. Ensure you understand the risks before trading. source1 Sept 2026
FXTMExinity Limited
FSC Mauritius
InternationalTrading Leveraged Financial instruments involves significant risk and can result in the loss of your invested capital. source1 Sept 2026
VT MarketsVT Markets Limited
FSC Mauritius
InternationalTrading Contracts for Difference (CFDs) carries a high level of risk and may not be suitable for all investors. source1 Sept 2026
PU PrimePU Prime group entities (as listed together)
FSA Seychelles and others
InternationalThe use of leverage magnifies both potential profits and losses, meaning you could incur losses greater than your initial deposit. source1 Sept 2026
LiteFinanceLiteFinance Global LLC
SVG FSA registration
InternationalTrading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. source1 Sept 2026
StarTraderSTARTRADER Limited
FSA Seychelles
InternationalCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. source1 Sept 2026
Blueberry MarketsBlueberry Markets (Mauritius) Ltd
FSC Mauritius
InternationalCFD trading involves significant risk of loss and may not be suitable for all investors. source1 Sept 2026
ThinkMarketsTF Global Markets Int Limited
FSA Seychelles
InternationalDerivative products are leveraged products and can result in losses that exceed initial deposits. source1 Sept 2026
Capital.comCapital Com Australia Pty Ltd
ASIC 513393
AustraliaCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. source1 Sept 2026
Coverage

Figures we found but cannot attribute, and sites we could not read

Stated so that the table's coverage is explicit. Nothing here counts toward any statistic above.

  • FXTM: 88%, “88% of retail investor accounts lose money when trading CFDs with this provider. source. On an FAQ page, in three wording variants ("CFDs", "Online Forex and CFDs", "Online Forex/CFDs"), with no entity named beside it. The main fxtm.com pages show no percentage at all.
  • eToro: 51%, “51% of retail investor accounts lose money when trading CFDs with this provider. source. On a cross-entity regulation page. The UK, EU and Australian paths redirect or return 404, so the figure cannot be tied to eToro (UK) Ltd, eToro (Europe) Ltd or eToro AUS Capital.

Not yet read (10 sites): Exness (all regional sites: HTTP 403 to every fetch); FP Markets (all regional sites: HTTP 403 to every fetch); XM (all regional sites: HTTP 403 to every fetch); Vantage Markets (vantagemarkets.com and vantagemarkets.co.uk: HTTP 403 to every fetch); IG (all regional sites: HTTP 403; figures held from indexed copies of 2026-08-25); AvaTrade (all regional sites: HTTP 403 to every fetch); HFM (all regional sites: HTTP 403 to every fetch); ThinkMarkets (EU (CySEC) site: Geo-gated to EU visitors); VT Markets (Australian site: HTTP 403); Eightcap (UK and Australian pages: Every UK/AU path served the EU page). These brokers block automated reads of their pages; their figures will be added from browser reads and each row will carry its read date.

Reading it

What the percentage does and does not tell you

  • It is a client statistic, not a broker score. A provider whose clients trade smaller, less leveraged positions will post a lower number regardless of its pricing or conduct. A lower figure is not a reason to choose a broker, and a higher one is not evidence of wrongdoing.
  • It counts accounts, not money. An account that lost a small sum and one that was wiped out both count once. The sentence says nothing about how much was lost.
  • Twelve months, refreshed quarterly. Regulators require the calculation over the previous twelve months, updated at least every three months, which is why two reads a quarter apart can differ.
  • Ranges are allowed in some regimes.“Between 73–89%” is a compliant disclosure for some entities. We show ranges as published and leave them out of the median.
  • Retail only. Clients who elect professional status are excluded from the count and also lose the protections the number sits beside.
Risk warning. CFDs and leveraged products are complex and high-risk. You can lose more than you deposit. Between 62% and 78% of retail CFD accounts lose money. Only trade with money you can afford to lose.
Methodology

How this table was produced

  • • Each record is the risk-warning sentence as displayed on the broker's own regional site on the read date, copied verbatim. We never round, paraphrase or average a broker's figure.
  • • One record per legal entity and site. Where a brand shows the same figure on several sites of one entity, we hold one record and note the others.
  • • Provenance is labelled on every row: read on site (our own first-hand read), partner-supplied (wording sent to us in writing by the broker's partner team), or indexed copy (the site blocks automated reads, so the figure came from a search-indexed copy of the page and is queued for a browser check).
  • • The snapshot date is the most recent read in the table. The oldest reads, first in the re-check queue: IG (25 Aug 2026), IG (25 Aug 2026), IG (25 Aug 2026).
  • Commission weighting: 0%. Which brokers appear, and which figure we hold for them, never depends on a partner relationship. Where two figures exist for one brand we display the higher on partner surfaces, because understating a loss rate is the compliance risk.
Limitations

What this study does not claim

  • • The table covers brokers in our research database, not the whole market. Absence from it means we have not read that broker's figure yet, nothing more.
  • • Figures are not strictly comparable across entities: product mix, client mix and calculation windows differ, and some regimes permit ranges.
  • • A figure read from an indexed copy or supplied by a partner may lag the broker's current display; those rows are labelled and will be replaced by first-hand reads.
  • • Informational only, not financial advice. The percentage that applies to you is the one on the site of the entity that opens your account; read it there before depositing.
Go deeper

Check the entity before the number

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Cite this study

Clarytrade, a broker-research database, compiled the retail-loss disclosures of 11 CFD brokers (22entity-level records) from the brokers' own sites. Point figures range from 65% to 81% of retail accounts losing money (median 72.95%); where a brand publishes both, the EU figure exceeded the UK figure in 4 of 5 cases. Snapshot: 2026-09-01 (Q3 2026). Method: clarytrade.com/methodology. Verification queries: hello@clarytrade.com.

Please link to clarytrade.com/research/cfd-loss-rates when citing, and quote the snapshot date: the figures are refreshed every quarter.

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