polish retailers Foreign exchange (FX) and Contracts for Difference (CFD) markets will reach record-breaking volume in active customers, P&L in 2022, and for the first year in a row. Profits generated he exceeded PLN 500 million ($117 million), while losses amounted to almost PLN 2 billion ($467 million).
According to a report issued by the Polish Financial Supervisory Authority, PFSA or KNF, customer profits in 2022 reached a record value of 519,476,766 PLN. This is PLN 100 million higher than the previous year and double that of 2020. In the pre-pandemic period, when private investor activity was fairly low, this is his PLN 400 million surge.
However, incurred losses increased even more sharply. Five years ago it totaled PLN 576 million, in 2022 it will reach PLN 1,974,923,634, an increase of PLN 800 million compared to the last two years, and total losses in 2019 of 398 million. 5x compared to when PLN was reached.
Average revenue per customer increased year over year, but the percentage increase was small. His average revenue per client in his FX/CFD market in Poland in 2022 was PLN 17,444 compared to PLN 13,127 in the previous year and PLN 15,486 in 2020.
“Analysis shows that the majority of active customers (79%) are losing money trading FX/CFD financial instruments. Both average gains and average losses have increased,” commented KNF.
According to KNF’s data summary, about 80% of retail traders suffered losses in FX/CFD in 2022 compared to the relatively low result of less than 72% of losses reported in 2021. best last year. As a result, the average client realized an average loss of over PLN 10,000. Average losses per client do not deviate significantly from the results of the previous period, which ranged from PLN 6,300 to PLN 11,400.
“It is worth emphasizing that CFDs are financial instruments created for investors seeking short-term dynamic movements with high potential profit and high risk. It’s by design, and in a very challenging and risky market, it’s hard to expect most clients to have an edge.” financial king.
In Poland, private clients executed 99.7% of FX/CFD market trades through domestic brokerage firms and offices. This represents 88% of the total face value of all trades. According to Klufczyński, most of them have the right trading experience, knowledge and crisis management .
“This is a very demanding market, difficult for even the most experienced traders to trade and, unfortunately, mostly encountered by beginners,” added the InstaForex Polish analyst. .
Number of retail traders in Poland hits record high
According to KNF’s data, which considers Polish customers and non-residents using Polish retail brokers, the total number of active traders in the FX/CFD market exceeds 143,000, of which 112,000 realized losses and 30,000 Less than people realized the benefits.
A year ago, we had 112,000 clients, down 31,000. That number reached 80,000 in 2020, exceeded 44,000 in 2019, and nearly 50,000 in 2018. However, if we consider only Polish customers, we find the value to be rather small.
“The average profit per client was a loss (higher than the previous year). The total loss suffered by customers in 2022 was almost four times the total profit of profitable customers,” KNF said. added.
The KNF report shows that 71,620 Poles will actively trade FX/CFDs in 2022, of which over 56% have lost money and only 15,000 have realized profits. A year ago, 53,000 active retail his traders belonged to this segment, whereas in 2020 he had less than 40,000. On average, a Polish customer in 2022 lost his 11,118 PLN on FX/CFD. Compared to PLN 8,229 in 2021 and PLN 12,639 in 2020.
“KNF emphasizes that OTC market derivatives are characterized by high risk and should only be purchased by investors who have sufficient knowledge and experience and who accept the risk of losing all their investment capital,” the supervisor said. summarized the report.
Poland is a well-developed retail FX/CFD market, home to one of the largest listed brokers, XTB. Last month, OANDA decided to move its European operations and operations to Poland, leaving Malta, the region’s former hub.
polish retailers Foreign exchange (FX) and Contracts for Difference (CFD) markets will reach record-breaking volume in active customers, P&L in 2022, and for the first year in a row. Profits generated he exceeded PLN 500 million ($117 million), while losses amounted to almost PLN 2 billion ($467 million).
According to a report published by the Polish Financial Supervisory Authority, PFSA or KNF, customer profits in 2022 reached a record value of 519,476,766 PLN. This is PLN 100 million higher than the previous year and double that of 2020. In the pre-pandemic period, when private investor activity was fairly low, this is his PLN 400 million surge.
However, incurred losses increased even more sharply. Five years ago it totaled PLN 576 million, in 2022 it will reach PLN 1,974,923,634, an increase of PLN 800 million compared to the last two years, and total losses in 2019 of 398 million. 5x compared to when PLN was reached.
Average revenue per customer increased year over year, but the percentage increase was small. His average revenue per client in his FX/CFD market in Poland in 2022 was PLN 17,444 compared to PLN 13,127 in the previous year and PLN 15,486 in 2020.
“Analysis shows that the majority of active customers (79%) are losing money trading FX/CFD financial instruments. Both average gains and average losses have increased,” commented KNF.
According to KNF’s data summary, about 80% of retail traders suffered losses in FX/CFD in 2022 compared to the relatively low result of less than 72% of losses reported in 2021. best last year. As a result, the average client realized an average loss of over PLN 10,000. Average losses per client do not deviate significantly from the results of the previous period, which ranged from PLN 6,300 to PLN 11,400.
“It is worth emphasizing that CFDs are financial instruments created for investors seeking short-term dynamic movements with high potential profit and high risk. It’s by design, and in a very challenging and risky market, it’s hard to expect most clients to have an edge.” financial king.
In Poland, private clients executed 99.7% of FX/CFD market trades through domestic brokerage firms and offices. This represents 88% of the total face value of all trades. According to Klufczyński, most of them have the right trading experience, knowledge and crisis management .
“This is a very demanding market, difficult for even the most experienced traders to trade and, unfortunately, mostly encountered by beginners,” added the InstaForex Polish analyst. .
Number of retail traders in Poland hits record high
According to KNF’s data, which considers Polish customers and non-residents using Polish retail brokers, the total number of active traders in the FX/CFD market exceeds 143,000, of which 112,000 realized losses and 30,000 Less than people realized the benefits.
A year ago, we had 112,000 clients, down 31,000. That number reached 80,000 in 2020, exceeded 44,000 in 2019, and nearly 50,000 in 2018. However, if we consider only Polish customers, we find the value to be rather small.
“The average profit per client was a loss (higher than the previous year). The total loss suffered by customers in 2022 was almost four times the total profit of profitable customers,” KNF said. added.
The KNF report shows that 71,620 Poles will actively trade FX/CFDs in 2022, of which over 56% have lost money and only 15,000 have realized profits. A year ago, 53,000 active retail his traders belonged to this segment, whereas in 2020 he had less than 40,000. On average, a Polish customer in 2022 lost PLN 11,118 in FX/CFD compared to PLN 8,229 in 2021 and PLN 12,639 in 2020.
“KNF emphasizes that OTC market derivatives are characterized by high risk and should only be purchased by investors who have sufficient knowledge and experience and who accept the risk of losing all their investment capital,” the supervisor said. summarized the report.
Poland is a well-developed retail FX/CFD market, home to one of the largest listed brokers, XTB. Last month, OANDA decided to move its European operations and operations to Poland, leaving Malta, the region’s former hub.
