Brokers News

FxPro's SuperTrader Boasts 53% Profitable Investors

Jan 08 2014 06:56:17 GMT
By
Maria Nikolova , Forexbrokerz.com Find me on Google+

FxPro, the Forex broker operating from the UK and Cyprus, has reported some key financial metrics for its social trading platform SuperTrader, with the majority of users registering profits.

 
But let's get deeper into the details which are for the period since the launch of the network on October 15, 2013. The percentage of investors who made gains from copying the signals of strategies in the lineup is 53% - in order not to get lost into the terminology of the platform, have in mind that the investors are the copiers or followers on the platform. The best individual return is at 44%, which is a remarkable achievement if we consider that the trading period in question is less than three months. 
 
But we suppose that you are a bit annoyed by the percentage data, as this does not gives us any clearance about actual money earned. Here are a couple of metrics that may shed some light on the amount of money made: for some strategies the minimum investment is $10,000 – you may easily calculate how much a return of 44% may be. On average, an investor's profit per million USD traded is $30. 
 
Not surprisingly, the majority of leader strategies are profitable too, with the biggest gain at 22.4%. There are a number of loss-making strategies too, but the biggest loss falls behind the biggest gain at 11.4%.  For those who are still not oriented in the terminology, the leader strategies are the signal providers on the network. All of them pass quite rigid selection procedures, so that all of them comply with certain benchmark performance criteria. No wonder then that the number of leaders on  the platform is not that big at 33. This number is comparable to the number of strategies available to copy on Myfxbook's AutoTrade, another social trading platform which uses strict selection criteria for signal providers. 
 
For those of you who'd like to check out FxPro's newly born platform, have in mind that it's open solely for clients of the broker and that you need a live SuperTrader account, which you can open one here
 
Apparently, SuperTrader has shown a passion for survival – its first quarter of existence has brought gains to its users and (hopefully) -  increased volumes for FxPro. It is no mere occurrence that the broker received the FT and Investors Chronicle award for Best Forex Trading Platform exactly for SuperTrader.
 
 

About FxPro

 
FxPro is an award-winning Forex broker providing retail and institutional offerings to clients in 150 countries. FxPro offers trading access through a range of platforms including the innovative ECN platform – FxPro cTrader – supported by industry-leading market news and outstanding levels of customer support 24 hours a day. FxPro’s goal is to be the world’s preferred Forex broker and it has become the first choice for Forex traders needing user-friendly market access and superior trading infrastructure.
With offices in the United Kingdom, Austria, Cyprus, France, Russia and Spain, FxPro Financial Services Limited is authorized and regulated by the Cyprus Securities and Exchange Commission, under license number 078/07, and operates under the EU Markets in Financial Instruments Directive (MiFID).
TAGS: fxpro  fxpro forex broker  uk forex broker  cyprus forex broker  supertrader  forex trading  forex metrics  forex results  social forex trading  investors  leaders  strategies  gains  profit 

More news about FxPro

Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
US, UK, Australia CFTC/NFA, FCA, ASIC MT4, Web,
Mirror Trader,
Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA MT4, Web,
ProRealTime,
2Dealer
$1 Review Website
UK, Cyprus FCA, CySec MT4 $5 Review Website
UK, Cyprus FCA, CySEC MT4, MT5, Web,
cTrader,
SuperTrader,
FxPro Markets
$100 Review Website
Seychelles FinaCom MT4 $10 Review Website
UK, Bulgaria FCA, FSC Web $150 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus CySEC MT4, MT5 $300 Review Website

More Forex Brokers News

Morgan Stanley raises its stake in Plus500

Jan 16 2017 15:31:23

Morgan Stanley, the US multinational financial company who is among the major stakeholders in the London Stock Exchange (LSE)-traded forex broker Plus500 (LON:PLUS) has raised its stake in the company to pass the 6% threshold. Read more

IG urges its clients to take a stand with regards to FCA’s proposals

Jan 13 2017 08:36:04

Major brokerage IG Group (LON:IGG) encourages its clients to share their opinions about the recent proposal from the Financial Conduct Authority (FCA) to raise margin requirements for CFDs and spread betting, among other things. Read more

FXCM sees December, Q4 2016, annual trading volumes fall

Jan 12 2017 14:31:39

FXCM, the leading US forex brokerage saw a double-digit decline in its December retail and institutional trading volumes both on a monthly and annual basis, show the officially released company metrics. Read more

IG Group renames binary options to “Digital 100s”

Jan 12 2017 10:44:34

 IG Group, one of Europe's largest forex, CFD and spread betting (UK only) brokers has rebranded its binary options products and now calls them “Digital 100s”. Read more

It's official: Banc De Binary renounces Cyprus license

Jan 11 2017 12:43:49

 Banc De Binary, the largest and oldest regulated binary options broker has renounced its Cyprus license, several days after the first reports that it is planning to shutter its business and has stopped taking clients from the EU. Read more

Forex.com’s trading volumes drop by double digits in December

Jan 10 2017 15:17:56

According to the monthly metrics, provided on Gain Capital’s website, the over-the-counter (OTC) trading volume of its retail brand Forex.com dropped to $189.1 billion. The figure represents a decrease of 26.4% from previous month, and a drop by 33. Read more

Grand Capital releases mobile app for iPhone

Jan 10 2017 08:17:00

Forex and binary options broker Grand Capital always strives to improve existing products and services. As the number of traders who prefer to trade on the go through their mobile phones increases every year, previous week the broker released a mobile app for iPhone, called Grand Capital Invest. Read more

Banc De Binary shuts down, new EU clients are no longer accepted

Jan 09 2017 15:35:49

Update: on January 11, the Cyprus Securities and Exchange Commission officially announced that Banc de Binary renounced its authorization to operate as a Cyprus Investment Firm.   One of the leaders in the binary options trading market, Banc de Binary, closes operations. Read more

Blackwell Global acquires double licenses with Hong Kong’s SFC

Jan 06 2017 09:30:05

Pure STP brokerage Blackwell Global has acquired a double license from Hong Kong’s Security and Futures Commission (SFC) and is now allowed to offer both securities and futures trading services. Read more

FXCM's November retail client deposits fall YoY

Jan 05 2017 09:29:51

The deposits of FXCM's retail clients in November 2016 amounted to $178,375,472, shows the latest CFTC data from US retail forex brokers. This is 1.6% more than in October 2016, but 5.3% lower than November 2015. Read more