In coastal erosion studies, the erosion and accretion index is a vital research tool for analyzing types of erosion and accretion. This index is primarily empirical or semi-empirical and is usually validated through tank experiments or open beach datasets, resulting in significant variation across different beach environments. In this study, 11 beach profiles of eight beaches measured along the Qiongzhou Strait in China, measured from 2018 to 2021, were analyzed to quantitatively determine coastal erosion or accretion by calculating each profile’s volume change per unit width. Additionally, sediment and wave data were used to calculate five erosion and accretion indices monthly to determine erosion and accretion conditions. These conditions were then compared with actual beach erosion and accretion data to evaluate the applicability of various discriminant indices. Furthermore, optimizing the threshold values of discriminant indices. The results show that: (1) Overall annual erosion and accretion are minimal, but seasonal variation is significant for beaches on both sides of the Qiongzhou Strait; (2) The five discriminant indices have some limitations in this study area, necessitating careful consideration when applying them to headland bay arc-shaped beaches with fetch-limited environments like the Qiongzhou Strait; (3) The selection of discriminant index parameters and their respective contribution degree of each parameter affects the formula’s applicability, with two-parameter formulas proving superior to the three-parameter formula in the study area; (4) Beach environmental factors, particularly those influenced by headlands and fetch-limited environments, impact the indices’ applicability; (5) Increasing the threshold value to a certain extent can improve the formula’s applicability.