Forex and contracts for difference (CFDs) brokerage group Forex Club said on Monday the rate of successful clients who ended June 2016 at a profit stayed flat over the month at 28%. Successful traders with deposits of more than $10,000 was 52% last month.
Meanwhile, a total of 70% of all Forex Club clients closed June with a profit or loss of no more than $100.
In comparison, a month earlier the majority, or 72%, of the broker’s clients ended with a profit or loss of up to $100, while successful traders with deposits of more than $10,000 made up 55%.
The maximum profit generated by a single Forex Club client last month was $250,000. The trader, a Chinese citizen, benefited from the GBP/JPY downward movement. The biggest loser in June lost $350,000 by trading in AUD/USD. The results of both investors were strongly influenced by the UK’s decision to exit the European Union (aka Brexit).
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 was the second largest retail forex broker in 2015 in terms of trading volume and active clients, according to an 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 entities to obtain a status as a registered forex brokerage in Belarus (the equivalent of obtaining an authorization). It was, however, denied license in Russia for no apparent reason. The brokerage’s Russian arm is a founding member of CRFIN, a Russian self-regulatory organization (SRO).
Source: Forex Club