Retail Loss Disclosure

The retail loss disclosure is the standardised warning several regimes require on a broker's website and marketing, stating the proportion of its retail client accounts that lost money over a recent period. The figure is calculated to a prescribed method, covers a defined window, is refreshed periodically, and belongs to the specific licensed entity that published it. It is the rare per-firm number a prospective client can read straight from the source rather than from a comparison table, and it is routinely over-read. It counts accounts rather than money, over one window; it says nothing about how long those accounts traded or how much they lost; and it is shaped by the firm's client mix, so a broker serving experienced high-volume clients and one serving beginners are not being measured on the same population. Read it as a reminder of the base rate for leveraged trading rather than as a ranking of brokers, and note which entity it applies to — the same brand's offshore arm often publishes no such figure at all.