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Self Direct Trading performance

Updated October 5th 2022

Robinhood Earning calls in Q1 And Q2 reporting trading losses of 10B(-10%)  in Q1 and 34B(-38%) in Q2 over 93B AUM (ref.)

(IN BILLIONS)	Q1 2021	Q2 2021	Q3 2021	Q4 2021	Q1 2022	Q2 2022
Beginning balance	63	80.9	102	95.4	98	93.1
Net deposits	10.6	9.9	2.2	4.4	5.7	5.2
Net market gains or losses	7.3	11.2	-8.8	-1.8	-10.6	-34.1
Ending balance	80.9	102	95.4	98	93.1	64.2

Coinbase reporting Trading losses of about 63% (-160B) in Q2 over 256B AUM (down to 96B) (ref.1 ref.2 )

Asset on platform ($B)	Q2 2021	Q3 2021	Q4 2021	Q1 2022	Q2 2022
Retail	88	116	141	123	47
Institutional	92	139	137	134	49
Total	180	255	278	256	96

Stats on number of users that are losing money

Over 70% of retail traders are losing money:

• TheTraderInYou ​​- «A greater percentage (79%+) of traders lose money.»
• YAHOO.Finance - «2019: 43% of the users in The USA reporting trading with Option, margins or both»
• PYMNTS - «Robinhood margin account users 14 times more likely to default»
• Trading.com - «79.32% of retail investor accounts lose money when trading CFDs with this provider»
• eToro Risk Disclosure - «67% of retail investor accounts lose money when trading CFDs with this provider»
• Swiss Quote Risk Disclosure - «Between 74% and 89% of retail client accounts lose money when trading CFDs»
• Naga Broker Risk Disclosure - «74.48% of retail investor accounts lose money when trading CFDs with this provider»
• FinanceMagnates - «ESMA regulations reveal: where CFDs traders lose the most»
• FGV - «We observe [...] individuals who began to day trade [...], and who persisted for at least 300 days: 97% of them lost money, only 0.4% earned

more than a bank teller.»

• Berkley - «day traders should be apprised of their likelihood of success: only two out of ten make money; fewer do so consistently»

Stats on number of traders worldwide

• Alite Novarica - USA: «+54M online traders»
• Seeking Alpha - «As of June 2020, China had 167 million retail investors»
• BwPeople,
• Archive,
• EconomicTimes,
• LiveMint,
• Chittogarh,
• MoneyControl,
• 5Paisa
• Business of Apps,
• Fortune,
• PYMNTS,
• TechCrunch,
• Barrons,
• YourStory - «there are more than 15 million traders in India»
• Investopedia,
• C.Schwab,
• Business Insider,
• NewsBitcoin,
• Business of Apps

The number of traders is rising:

• Bloomberg - «The recent volume surge [...] has boosted retail investor participation to 23% of U.S. equity trading from 20% in 2020»
• Reuters - «25%+: The percentage of overall market trades made by retail investors in July and August 2020 [...] in January 2020 retail was 17.1% of the market»
• CNBC - «25 and 34 years old plan to spend 50% of their stimulus payments on stocks»
• FT

Traders are unhappy with their platform:

• Refinitiv - «only 37% of investors globally give their platforms top scores for digital experience [...] only 26% of millennial investors would recommend their investment provider»

ALL EUROPEAN BROKERS REPORTING

The brokers operating in the EU  (104 of them at the moment) have now to report quarterly how many users make or lose money when trading CFD.

Definition of CFD (ref.):

Contracts for differences (CFDs) are contracts between investors and financial institutions in which investors take a position on the future value of an asset. The difference between the open and closing trade prices are cash-settled. There is no physical delivery of goods or securities; a client and the broker exchange the difference in the initial price of the trade and its value when the trade is unwound or reversed.

The CFD definition includes:

• Options
• Futures
• margin or leverage trading
• trading with money borrowed to the users
• ETFs

and anything that has an expiration date or leverage effect.

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Profitable and losing Clients percentage. Reported quarterly by the broker by law in the EU. Data from Q1 2021

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Percentage of users that lose money divided by Broker. Data provided by law in the EU, by the broker. All 104 broker reporting. Data at Q3 2020

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	Average	79%
	Forex Broker	Percentage
	Blackwell Global	55%
	FXOpen	60%
	FXCC	66%
	ATFX	67%
	NordFX	67%
	Trade360	68%
	Core Spreads	70%
	Tickmill	70%
	FOREX.com	72%
	Arum Capital	73%
	FxNet	73%
	IronFX	73%
	Score Priority	73%
	HotForex	74%
	Oanda	74%
	TeleTrade	74%
	CIM Bank	75%
	easyMarkets	75%
	eToro	75%
	FXDD	75%
	FxGrow	75%
	ActivTrades	76%
	ETX Capital	76%
	eXcentral	76%
	FP Markets	76%
	FxPro	76%
	IG Markets	76%
	INGOT	76%
	Interactive Brokers Group, Inc.	76%
	MultiBank	76%
	OctaFX	76%
	UFXMarkets	76%
	Windsor Brokers	76%
	Alpari	77%
	Dukascopy	77%
	Fort Financial Services	77%
	EverFX	78%
	Noble Trading	78%
	NPBFX	78%
	Varengold	78%
	AccentForex	79%
	Admiral Markets	79%
	Askobid	79%
	AvaTrade	79%
	CMC Markets	79%
	DF Markets	79%
	FBS	79%
	Finexo	79%
	FreshForex	79%
	FXCM	79%
	IC Markets	79%
	Markets.com	79%
	Orbex	79%
	Pepperstone	79%
	PrimeXBT	79%
	Saxo Bank	79%
	Swissquote Bank	79%
	TusarFX	79%
	Vantage FX	79%
	XM	79%
	DIF Broker	80%
	Eightcap	80%
	FXFlat	80%
	FXTM	80%
	LCG	80%
	Trading.com	80%
	XTB	80%
	ATC Brokers	81%
	ETFinance	81%
	Forex4you	81%
	GKFX	81%
	HYCM	81%
	InstaForex	81%
	Investous	81%
	Plus500	81%
	CMSTrader	82%
	CPT Markets UK	82%
	FIBO Group	82%
	GO Markets	82%
	HugosWay	82%
	JustForex	82%
	24option	83%
	ADS Securities	83%
	Exness	83%
	Libertex	83%
	Olymp Trade	83%
	Stratton Markets	83%
	Fidelis	84%
	FxGlory	85%
	IFC Markets	85%
	AMarkets	86%
	Hantec Markets	86%
	LiteForex	86%
	ROinvesting	86%
	FX Giants	87%
	Marketiva	87%
	Colmex Pro	88%
	FinFX PRO	88%
	Grand Capital	88%
	LegacyFX	88%
	RoboForex	88%
	4xCube	89%
	Tradeview Forex	89%
	USG	90%