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FreshForex, an offshore forex brokerage house, reported on Wednesday a good performance of its clients in December 2016 as 65% of all trades were profitable last month. Within the group of clients with deposit exceeding $3,000, those who closed the month at a profit accounted to 48.84% of all.
In comparison, a month earlier profitable clients totaled 64% and some 39% of clients with deposit over $3,000 were successful.
Last month the market showed high volatility boosted by the Italian constitutional referendum, OPEC’s decision to cut oil output, and US Fed interest rate raise by 0.25%, the broker noted in a statement.
In December, the highest profit growth was more than 497%. The investor traded in currency pairs and shares and increased his/her bonus by using FreshForex’ Tradable Bonus 101% campaign. Meanwhile, the most successful trader last month invested in majors and metals and earned $153,177. The highest profit generated from a single trade amounted to $11,686 and was the result of trading short positions in XAU/USD for less than a full day.
The worst December result, on the other hand, was a loss of $162,330 generated by trading on major and exotic currency pairs. The worst trade of the month was long XAU/USD position of 12 lots resulting in a loss of $25,672 for about two days.
The broker’s active client performed 1,248 trades last month on EUR/USD and was fully manual, without the use of any Expert Advisors (EAs).
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.