Do not invest more money than you can afford to lose.
Online forex brokerage AMarkets said on Thursday the majority, or 57%, of its clients with account balance of more than $10,000 ended May 2016 at a profit. In comparison, a month earlier just 36% of such accounts were at a profit.
Overall, 43% of the broker clients had a successful month in May, up from 34% in the previous month. Meanwhile, even 50% closed last month with a profit or loss of up to $100. A month earlier, 54% of client accounts broke even.
AMarkets’ most successful client in May traded in major currencies and cross rates, avoiding significant risk. The broker said the client’s profit-factor was 13.6, without revealing the profit amount. The client used moderate leverate of up to 70:1 and maximum drawdown of 54%.
Meanwhile, Forex Club, another major Russian forex broker, saw 55% of its clients with accounts over $10,000 end May at a profit, while the overall success rate was 28%.
AMarkets is among the top 20 forex brokers in Russia in terms of trading volume. In 2015, it had an average monthly trading volume of $2.1 billion and 3,200 clients. Last week, Russian self-regulatory organization (SRO) for over-the-counter (OTC) financial instruments CRFIN, reported about 60-70% of all Russian forex traders saw their trading account balances at par, meaning they ended up with a loss or profit of up to $100, compared to what they started with. AMarkets’ results are close to the overall performance, just slightly below the average.
AMarkets offers trading in forex, metals, commodities, and contracts for difference (CFDs).
AMarkets, incorporated in Saint Vincent and the Grenadines, is a member of the Center for Regulation in OTC Financial Instruments and Technologies (CRFIN), a Russian self-regulatory organization, and the Financial Commission (FinaCom), a Hong Kong-based external dispute resolution (EDR) organization. It offers accounts under its UK-regulated partner ATC Brokers.
Source: AMarkets
