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.
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).