The State of Retail Broker Risk Report 2026

1% of clients account for 30% of broker losses.

How well do you understand the traders driving your P&L?

Based on 12 months of trading data across the iSAM Securities Radar Network, The State of Retail Broker Risk 2026 reveals the concentration of client profitability, the distribution of trading outcomes and the risks shaping broker P&L.

Inside the report:

• The concentration of client winnings: Why the top 1% of winning accounts captured 66.5% of all client winnings.

• The distribution of client outcomes: How 79.5% of retail traders ended the period with net losses.

• The impact of individual traders: Why understanding the clients behind your largest exposures and losses is critical to effective risk management.

• The role of gold: How a single instrument accounted for 62% of broker P&L in the dataset.