Do not invest more money than you can afford to lose.
A client of the offshore-registered forex broker FreshForex earned $152 860 in April, while another lost $105 402, show the monthly stats published by the broker.
According to the broker, overall April was a positive month for its clients with 63% of successful deals.
The most successful client traded with major currency pairs (EUR/USD, GBP/USD, USD/JPY). The biggest loser used majors and cross-rates, but large exposure of his deposit led to the loss.
In the same month the most active trader on FreshForex opened 630 deals. He traded with Expert Advisor and only with the EUR/USD currency pair.
The best single deal brought a trader a profit of $2291. The order was opened as a short position on XAU/USD with the volume 2 lots and had been in market for 10 hours. At the same time, the worst deal in April brought a loss of $5892. It was opened in the beginning of March with USD/JPY and a volume of 0.96 lots.
FreshForex is the trading name of Riston Capital, which is headquartered in Russia and registered in St. Vincent and the Grenadines. It offer forex and contracts for difference (CFDs) trading services.
FreshForex is a member of Russia’s commission for the regulation of relations on financial market, KROUFR. In the Russian market, the broker had a monthly trading volume of an average $3 billion in 2015 and about 7,800 active accounts.
In the end of April FreshForex announced it is easing the procedures for fund deposit and withdrawal with Visa and MasterCard credit cards. Earlier in the same month, it announced it has decided to cancel all requotes and to transfer all client accounts from instant execution to market execution mode from 18 April, 2016.