70.1% of FX Prime’s binary options customers lost more than they earned in June

70.1% of FX Prime’s binary options customers lost more than they earned in June

- in All News, Binary Brokers
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FX Prime, a forex and binaries broker, part of the Japanese GMO Click Holdings (TYO:7177),  released data on the June binary options trading revealing the percentage of traders who won and lost money. Data on the trading volume, however, has not been yet released.

According to the report, 70.1% of FX Prime’s customers lost money from binaries trading. The broker calculates this percentage in the following way: the number of customers with a negative profit-loss ratio, divided by the total number of customers who made a trade, multiplied by 100. In comparison, in May the share of traders with a negative profit-loss ratio was 73%.

At the same time, the profit and loss percentage of the broker about customer transactions (the amount of option premium paid to the customer plus the payout amount, divided by the amount of the option premium received from customers, multiplied by 100) in June was 97.3%, up from 96.2% in May.

Earlier this week GMO Click Holdings reported that the trading volumes of FX Prime and the other forex brokering subsidiaries GMO Click Securities have soared, after May’s slump.

In addition to GMO Click Securities and FX Prime by GMO Corp., The GMO Click group also includes Hong Kong-based GMO-Z.com Forex HK, GMO-Z.com Bullion HK, and London-based GMO-Z.com Trade UK.

Through its subsidiaries it offers online trading of forex, CFDs, binary options and precious metals. It also provides various financial instruments to retail investors.

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