Do not invest more money than you can afford to lose.
Offshore forex broker FreshForex said on Monday 63% of the total orders it handled in May 2016 were profitable. The majority, or 56%, of clients with deposits of more than $8,000 ended last month in the black. A month earlier, the share of the broker’s profitable client deals was also 63% .
The highest profit generated by a single FreshForex client last month amounted to $136,099. The client traded in some of the most popular currency pairs – EUR/USD, GBP/USD, and USD/CAD, and oil. Meanwhile, May’s largest profit of $5,472 from a single trade was a short position on AUD/USD with six lots and a lifespan of a minute.
The lost performer lost $133,141 in May from trading in the EUR/USD, GBP/USD, and USD/JPY pairs and in cross-courses. The largest loss from a single trade was $6,987 and was from trading in USD/JPY with a volume of three lots for a period of four days.
In comparisons, AMarkets, another offshore forex brokerage, reported 43% of its clients generated profit in May. Forex Club, a major Russian forex broker, saw 28% of its clients end May at a profit.
FreshForex is a brand of Riston Capital, an investment company based in St. Vincent and the Grenadines. The broker offers online trading in forex and contracts for difference (CFDs) on metals, stocks, indices, and energy futures, as well as analytical, educational, and training 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.
Source: FreshForex