Offshore forex broker FreshForex said on Thursday 65% of all trades it handled in September 2016 turned profitable. The rate is unchanged from a month earlier when the broker saw the lowest trading volume for the last seven or eight years.
In September, however, traders were more active due to the numerous volatility-affecting events, such as the frequent meetings of Central Banks of G20, the pre-election debate of US presidential candidates and the meeting of oil-producing countries in Algeria. The broker noted that investors expressed an increased interest in contract for difference (CFD) instruments, mainly due to the fact that their trading conditions are regularly being enhanced.
Meanwhile, Forex Club, another forex broker, saw just 30% of its clients end September at a profit.
FreshForex’s best performing trader in September won $207,830 from trading in oil and gold. Another investor generated a monthly balance growth of 578.66% last month by choosing majors, cross rates and oil.
The highest result from a single trade was $3 582 last month and was a short position of two lots in Brent oil that was open for about two days. The highest loss that a FreshForex client suffered from a single trade in September amounted to $4,013. It was the result of trading 1.4 lots in DAX30 index for about four hours.
Meanwhile, the most active FreshForex investor last month closed 1,477 trades in major pairs both with the use of several expert advisors (EAs) and manually.
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.