The quantity
of lively purchasers of Polish brokers providing retail FX and CFD buying and selling
elevated by 23% in 2023, reaching over 175,000. The Polish Monetary Supervision Authority (KNF) information exhibits that the bounce occurred regardless of a
lower in total buying and selling exercise.
Since 2018,
when statistics started being collected, KNF has noticed a steady improve
within the variety of lively purchasers utilizing the companies of FX/CFD brokers registered
in Poland. Six years in the past, the overall variety of lively buyers on this market
phase was lower than 45,000, rising to 175,000 in 2023.
Poland
boasts a mature retail FX/CFD market, house to XTB, one of many largest publicly
traded brokers within the business. As well as, OANDA selected to shift its European
base to Poland from Malta, its former regional headquarters.
“The
evaluation exhibits that the majority lively purchasers (73%) lose on transactions involving
most of these devices. In 2023, the proportion of purchasers who incurred a
loss decreased. Each the common revenue and the common loss per consumer
decreased,” KNF commented in its report.
The figures elevated by 23% in comparison with 2022, which was a file 12 months on this regard,
rising from 142,000. Nonetheless, it ought to be famous that these information embrace Polish
residents and overseas purchasers served by brokers from Poland.
As for
merchants straight from this European area, the variety of lively merchants
exceeded 83,000, rising by almost 17% from the extent of 71,500 reported a
12 months earlier.
“The information present, which pleases us drastically, that an rising variety of folks in Poland need to make investments actively. And that is within the tough, speculative, and leveraged CFD markets,” Arkadiusz Jóźwiak, the Editor-in-Chief of the retail investor media outlet Comparic.pl, commented for Finance Magnates. “The present variety of lively retail buyers locations us on the forefront in Europe.”
As an illustration, the variety of lively merchants in Germany is 65,000, in France 33,500, and in Spain 47,000. It’s only greater within the UK, the place it exceeds 200,000.
Regardless of
such a big bounce within the variety of retail merchants, KNF noticed that lively merchants’ complete revenue and loss have been decrease than in earlier years.
Loss Nonetheless Substantial,
however Extra Modest Than in 2022
In accordance
to official statistics, in 2023, purchasers’ realized revenue amounted to PLN 394.2
million, in comparison with PLN 519.5 million. Internet loss additionally decreased from the file
stage of PLN 1.9 billion within the earlier 12 months to PLN 1.7 billion in 2023.
A few of
these losses have been incurred as a part of Poland’s newest “idiot me twice” fraud scheme, which can have brought about lots of of buyers to lose PLN
9 million.
With a
bigger variety of purchasers, the common loss and revenue per consumer additionally decreased. The common dropping dealer misplaced PLN 13,745 on FX/CFD in Poland in 2023, in comparison with PLN 17,570 a 12 months earlier. The common worthwhile dealer earned PLN 7,457, in comparison with PLN 17,444 in 2022.
“The
common consequence per consumer represented a loss (smaller than within the earlier
12 months). In 2023, the overall worth of losses incurred by dropping purchasers was 5
occasions the overall worth of income made by purchasers who achieved a revenue,”
KNF added.
Nonetheless,
the proportion of purchasers who realized a revenue amongst lively purchasers was a
file excessive, reaching virtually 27%, in comparison with lower than 21% in 2022. A greater
proportion was achieved solely in 2021 when this ratio was 28.1%.
As in
earlier years, retail purchasers accounted for the overwhelming majority within the
FX/CFD market, representing 99.8% of all accounts and 87.1% of executed
transactions.
“KNF
emphasizes that over-the-counter by-product devices carry a excessive stage of
threat and ought to be acquired solely by buyers with satisfactory data and
expertise,” the Polish monetary markets regulator concluded in its
report.
KNF will
quickly acquire new powers as Poland prepares to introduce cryptocurrency rules
this 12 months. Underneath the brand new legal guidelines, the regulator might be in a position,
amongst different issues, to freeze the cryptocurrencies of any entity and investor
for 96 hours in case of fraud suspicion. The prosecutor’s workplace can
lengthen this freeze even as much as 6 months and, in excessive instances, order the sale of
the belongings held.
The quantity
of lively purchasers of Polish brokers providing retail FX and CFD buying and selling
elevated by 23% in 2023, reaching over 175,000. The Polish Monetary Supervision Authority (KNF) information exhibits that the bounce occurred regardless of a
lower in total buying and selling exercise.
Since 2018,
when statistics started being collected, KNF has noticed a steady improve
within the variety of lively purchasers utilizing the companies of FX/CFD brokers registered
in Poland. Six years in the past, the overall variety of lively buyers on this market
phase was lower than 45,000, rising to 175,000 in 2023.
Poland
boasts a mature retail FX/CFD market, house to XTB, one of many largest publicly
traded brokers within the business. As well as, OANDA selected to shift its European
base to Poland from Malta, its former regional headquarters.
“The
evaluation exhibits that the majority lively purchasers (73%) lose on transactions involving
most of these devices. In 2023, the proportion of purchasers who incurred a
loss decreased. Each the common revenue and the common loss per consumer
decreased,” KNF commented in its report.
The figures elevated by 23% in comparison with 2022, which was a file 12 months on this regard,
rising from 142,000. Nonetheless, it ought to be famous that these information embrace Polish
residents and overseas purchasers served by brokers from Poland.
As for
merchants straight from this European area, the variety of lively merchants
exceeded 83,000, rising by almost 17% from the extent of 71,500 reported a
12 months earlier.
“The information present, which pleases us drastically, that an rising variety of folks in Poland need to make investments actively. And that is within the tough, speculative, and leveraged CFD markets,” Arkadiusz Jóźwiak, the Editor-in-Chief of the retail investor media outlet Comparic.pl, commented for Finance Magnates. “The present variety of lively retail buyers locations us on the forefront in Europe.”
As an illustration, the variety of lively merchants in Germany is 65,000, in France 33,500, and in Spain 47,000. It’s only greater within the UK, the place it exceeds 200,000.
Regardless of
such a big bounce within the variety of retail merchants, KNF noticed that lively merchants’ complete revenue and loss have been decrease than in earlier years.
Loss Nonetheless Substantial,
however Extra Modest Than in 2022
In accordance
to official statistics, in 2023, purchasers’ realized revenue amounted to PLN 394.2
million, in comparison with PLN 519.5 million. Internet loss additionally decreased from the file
stage of PLN 1.9 billion within the earlier 12 months to PLN 1.7 billion in 2023.
A few of
these losses have been incurred as a part of Poland’s newest “idiot me twice” fraud scheme, which can have brought about lots of of buyers to lose PLN
9 million.
With a
bigger variety of purchasers, the common loss and revenue per consumer additionally decreased. The common dropping dealer misplaced PLN 13,745 on FX/CFD in Poland in 2023, in comparison with PLN 17,570 a 12 months earlier. The common worthwhile dealer earned PLN 7,457, in comparison with PLN 17,444 in 2022.
“The
common consequence per consumer represented a loss (smaller than within the earlier
12 months). In 2023, the overall worth of losses incurred by dropping purchasers was 5
occasions the overall worth of income made by purchasers who achieved a revenue,”
KNF added.
Nonetheless,
the proportion of purchasers who realized a revenue amongst lively purchasers was a
file excessive, reaching virtually 27%, in comparison with lower than 21% in 2022. A greater
proportion was achieved solely in 2021 when this ratio was 28.1%.
As in
earlier years, retail purchasers accounted for the overwhelming majority within the
FX/CFD market, representing 99.8% of all accounts and 87.1% of executed
transactions.
“KNF
emphasizes that over-the-counter by-product devices carry a excessive stage of
threat and ought to be acquired solely by buyers with satisfactory data and
expertise,” the Polish monetary markets regulator concluded in its
report.
KNF will
quickly acquire new powers as Poland prepares to introduce cryptocurrency rules
this 12 months. Underneath the brand new legal guidelines, the regulator might be in a position,
amongst different issues, to freeze the cryptocurrencies of any entity and investor
for 96 hours in case of fraud suspicion. The prosecutor’s workplace can
lengthen this freeze even as much as 6 months and, in excessive instances, order the sale of
the belongings held.
