CFD Loss Rates by Broker
Every broker marketing CFDs to retail clients in the EU/EEA or the UK must publish the percentage of its own retail accounts that lose money. The figures are published per legal entity, they differ widely, and they are scattered across the small print of dozens of sites. This page collects the ones we can source and date.
These are the brokers' own figures. Each percentage below is the broker's published disclosure, calculated by that broker over its own client book. We do not measure loss rates, we have not verified these numbers independently, and we have not adjusted them.
Published retail loss rates, by entity
Sorted by published figure, lowest first. One row per legal entity, because that is the level at which the figure is calculated and published — a broker's EU and UK entities are different companies under different regulators, and they publish different numbers.
| Broker | Entity & region served | Regulator | Loss rate (broker's own disclosure) | Source |
|---|---|---|---|---|
| Admirals | EU / EEAAdmirals Europe Ltd | CySECLicence 201/13 | 72%Admirals's published figure — published without a region qualifier | 14 May 2026Admirals partnerships team, 14 May 2026 — broker-specific figure supplied to replace the generic ESMA range. Published without a region qualifier. |
| Pepperstone | EU / EEAPepperstone EU Ltd | CySECLicence 388/20 | 72.9%Pepperstone's published figure for its CySEC entity | 13 July 2026Pepperstone partner notice via Impact, 13 July 2026 — licence-specific figures for the Jul–Sep 2026 quarter, mandatory from 24 July 2026. CySEC entity. |
| Capital.com | EU / EEACapital Com SV Investments Ltd | CySECLicence 319/17 | 74–89%Capital.com's published figure for its CySEC entity | 10 July 2026Capital.com compliance (Youssef Ibrahim), 9–10 July 2026 — per-entity percentages required. CySEC entity. |
| Plus500 | EU / EEAPlus500CY Ltd | CySECLicence 250/14 | 80%Plus500's published figure for its CySEC entity | 23 April 2026Plus500 partnerships compliance (Simeon Slavov), 23 April 2026 — ESMA wording for the CySEC entity; confirmed unchanged for .eu at the 25 June 2026 review. |
How to read these figures
The published figures in this set run from 72% to 89%. Across the 3 entities that publish a single figure rather than a range, the median is 72.9% and the mean is 75%. The one entity publishing a range is excluded from the median and mean: collapsing a published range to its midpoint would produce a number that broker never published.
A median is not an industry loss rate, and we are not presenting it as one. It is the middle of the small set of disclosures on this page — 4 entities from 4 brokers — nothing more. The figures are not calculated on a common basis: each broker uses its own client book, its own reporting period, and its own product mix. They are not comparable in the way a spread measured on the same pair at the same moment is comparable.
For the same reason, a lower figure is not evidence of a better broker. Client mix, average account size, holding period and product range all move the number independently of anything a trader would experience. Treat these as disclosures, not as a ranking.
How this page is compiled
Each broker sends us the exact risk-warning wording it requires us to display next to any link to it. That wording carries the broker's loss-rate percentage, and it is the only copy of the figure we hold. This page reads the percentage back out of that same string when the page renders, so the number in the table below and the number in the risk warning shown elsewhere on this site are always the same number. When a broker issues a new percentage, both change together.
Each row is dated to the partner notice that issued the figure, not to the day you are reading it. The disclosures here were issued between 23 April 2026 and 13 July 2026. Nothing on this page advances on its own: if a broker has not sent a new figure, its date does not move.
Our editorial scoring is separate from all of this and does not use these figures — see our methodology.
What we have left out, and why
The gaps are the honest part of a page like this. A row we cannot source is worth less than no row at all.
- Brokers that do not serve EU/EEA retail clients. Several brokers we cover withdrew from this market — Exness in 2019, FXTM when its CySEC authorisation was withdrawn in May 2024 — or never served it. Some of them do publish a loss-rate figure. It is not in this table, because listing it here would imply a retail service in European Union and European Economic Area that they do not offer.
- Brokers whose risk warning carries no percentage. Not every broker supplies a numeric figure; some use the generic wording (“a high percentage of retail investor accounts lose money”). There is no number to extract, so there is no row.
- Entity figures we cannot attribute to a dated source. A row appears only when we can name the notice the figure arrived on and the date it was issued. Where a broker publishes one figure with no region qualifier, we show it once, against the entity we can identify, and label it as published without a region qualifier rather than repeating it across entities as though the broker had issued it per-entity.
- Entities that serve other regions. Some brokers publish separate figures for entities serving clients elsewhere. Those are outside the scope of this page, which covers the EU/EEA retail book only.
Questions
- What percentage of retail CFD accounts lose money?
- Across the 4 published disclosures on this page, from 4 EU/EEA-regulated brokers, the published figures run from 72% to 89%. The median of the 3 brokers that publish a single figure rather than a range is 72.9%, and the mean is 75%. There is no single industry-wide number: each figure is calculated by the broker over its own client book, for its own legal entity, and is recalculated periodically. The figures here are each broker's own published disclosure — we do not measure loss rates ourselves and cannot verify them independently.
- Where does the CFD loss-rate percentage come from?
- Brokers marketing CFDs to retail clients in the EU/EEA and the UK must disclose the percentage of their own retail client accounts that lose money, and must display it in the risk warning attached to their marketing. The broker calculates the figure over its own client book and supplies the exact wording to affiliates and media partners. Every percentage on this page is extracted directly from that mandated wording.
- Why do brokers publish different loss rates for different countries?
- Because the figure is per legal entity, not per brand. A broker's EU/EEA clients contract with a different company, under a different regulator, from its UK clients, and each entity calculates its own number over its own book. This page carries only the entities that serve EU/EEA retail clients, so every figure on it is calculated on that book — Pepperstone's CySEC entity publishes 72.9%, and Capital.com's CySEC entity publishes 74–89%. The same brands' entities elsewhere publish their own figures against their own clients, and those are shown on the site that serves those clients, not here: quoting one entity's figure against another entity's clients is wrong.
- Does a lower published loss rate mean a broker is better?
- Not on this evidence. These figures are not measured on a common basis: brokers differ in client mix, product range, average account size, how long an account stays open, and the period over which the number is calculated. A broker whose clients trade less often can report a lower percentage without offering better conditions. This page reports what each entity publishes; it does not rank brokers, and the numbers should not be read as a quality comparison.
- How often do CFD loss rates change?
- Brokers recalculate and reissue the figure periodically, and partners are notified when the wording changes. The disclosures on this page were issued between 23 April 2026 and 13 July 2026; each row carries its own source date in the Source column. A figure only changes here when the broker sends new wording.
- Why are some brokers missing from this table?
- This page carries 4 rows from 4 brokers. A broker is excluded when it does not serve EU/EEA retail clients, when its risk warning carries only the generic non-numeric wording with no percentage in it, or when there is no dated record of where its figure came from. We would rather show fewer rows than fill gaps with figures we cannot attribute.
Related data
CFD Risk Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This website is for informational purposes only. The content does not constitute investment advice. Trading leveraged products carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. EU retail leverage limits apply (ESMA): up to 30:1 on major FX pairs, 20:1 on minor FX, 20:1 on major indices, 10:1 on commodities, 5:1 on equities, 2:1 on crypto.