RECOMMENDED FOREX BROKERS
Do not invest more money than you can afford to lose.
Offshore forex broker FreshForex reported on Wednesday its clients reached a success rate of 66% in January 2017. This represents a very slight increase of a single percentage point from the preceding month.
The broker said full two-thirds of clients with deposit of at least $10,000 closed last month with a profit.
Although January is traditionally a rather slaw month, FreshForex’ clients traded actively. The most active trader executed 1,201 trades last month.
The best trading result registered by a single trader was $193,520. It was generated from trading forex pairs, both major and exotic ones. The same trader also had the highest growth rate in January of 1,121.43%.
Meanwhile, the best January trade generates a profit of $7,904 and was the result of a long 1.4-lot position on GBP/USD held over a period of 11 days.
In comparison, Forex Club, another forex brokerage, reported last week 27% of its clients closed January at a profit, while the success rate among traders with account balance of more than $10,000 was 57%.
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.