Profitable Forex Club clients fall to 24% in Mar 2017

Profitable Forex Club clients fall to 24% in Mar 2017

- in All News, Forex Brokers
Forex Club

Russia-focused forex brokerage Forex Club saw its clients who closed March 2017 at a profit fell to 24% of all, compared to 30% a month earlier. A total of 52% of traders with account balances exceeding $10,000 closed March in the black.

Meanwhile, the share of Forex Club clients who had last month a profit or loss no higher than $100 was 72%.

The most successful trader with the broker made $87,000 in March. The investor was based in China and traded in cryptocurrencies. On the other hand, the highest loss reported last month amounted to $213,000 and was the result of the aggressively sale of GBP\USD and purchase of Brent crude oil.

The broker noted that there was a sharpe rise in Bitcoin and Litecoin in March, which enabled many traders to make a good profit.

The highest reported profit last month was $462,000 and was generated from active trading in Japanese yen (JPY) and Brent crude oil (BRN). Meanwhile, the highest loss in February amounted to $490,000. It was the result of aggressive cross-pound shopping and sales of gold (XAU/USD).

Forex Club is a collective brand of several entities. It operates in more than 120 countries, mainly in Russia and within the Commonwealth of Independent States (CIS), or the former Soviet countries. It is a registered broker in Belarus and holds a license by the Central Bank of Russia (CBR). The brokerage has clients in more than 120 countries. In Russia, Forex Club was the second largest retail forex broker in 2015 with monthly trading volume of an average $54 billion in 2015 and about 80,000 active clients, according to an annual report of Interfax-Center for Economic Analysis (Interfax-CEA).

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