Do not invest more money than you can afford to lose.
Forex and contracts for difference (CFDs) brokerage group Forex Club said on Tuesday as much as 69% of its clients ended April 2016 with a profit or loss of up to $100. The rate of its successful clients was 24% of all in April 2016. Meanwhile, among clients with deposits of more than $10,000, full 44% ended April at a profit.
The maximum profit that was generated by a single trader last month amounted to $52,000 who invested in the AUD/USD currency pair. The largest loss of $341,000 n April was suffered by a Chinese investor who traded in the USD/JPY pair.
The broker provided no comparative figures from previous months. Last month, though its clients’ success rate stood at 26%.
In comparison, Fresh Forex, another forex broker, saw 63% of its clients successful in April, while 34% of AMarkets’ clients generated a profit.
Forex Club is a collective brand of several entities that provide trading in forex and CFDs on shares, metals, indices, and other instruments. The brokerage has clients in more than 120 countries.
In Russia, Forex Club is the second largest retail forex broker in terms of trading volume and active clients, according to the latest annual report of Interfax-Center for Economic Analysis (Interfax-CEA). The broker had a monthly trading volume of an average $54 billion in 2015 and about 80,000 active clients in Russia.
Forex Club aims to expand its presence within the Commonwealth of Independent States (CIS), or the former Soviet countries. Through its subsidiary Financial Company Forex Club, the group recently became one of the first two to obtain a status as a registered forex brokerage in Belarus (the equivalent of obtaining an authorization). It is also awaiting to receive a license from the Central Bank of Russia (CBR) for a Russian forex broker.
The brokerage’s Russian arm is a founding member of CRFIN, a Russian self-regulatory organization (SRO).
Source: Forex Club