Brokers News

FxPro's SuperTrader Marks 67% Successful New Traders

Feb 06 2014
By Maria Nikolova , Forexbrokerz.com Find me on Google+

FxPro, the Forex broker operating from the UK and Cyprus, today announced key operating metrics of its SuperTrader social trading network. The set of results is, as usual, strong, with the percentage of profitable investors and the size of the returns remaining solid in January 2014.

But for starters, let's note a really impressive result: 67% of the new traders on the platform – those that have started copying signals of the selected strategies in January, were profitable. This result comes after a month earlier FxPro reported that 53% of investors were profitable. Apparently trading on the network is paying off for most traders.

And now you must be interested about the size of the return – after all, no one is investing a substantial amount of money to get $5 in a year. FxPro has a good piece of news in this respect: 11% of investors saw their return exceed 10%. Moreover, the average annualized return across all investors on SuperTrader for the period since the launch of the platform (October 15, 2013) until the end of January 2014, was substantial at 23%. This is a very good result for a period of about three months.

Next up we look at the fortunes of the leaders (signal providers) on SuperTrader: the number of strategies available to copy on the network has halved since the last report and now there are 17 trading systems to mirror. This number reflects the rigid selection criteria used by FxPro when it comes to leaders. We've already discussed the selection process in details, but let's recall that for a system to remain in the leaders' list:

- its maximum drawdown should not surpass 50% of equity;

- the ratio of unrealized loss to balance must not be more than 20%.

The strict criteria are obviously helping keep the performance of the leaders at a certain benchmark level. For that matter, the broker reported that the average return of the three best trading strategies on the platform was 25% for the period since the launch of the network. Well done.

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 supertrader social forex forex signals forex platform investors leaders profit operating metrics january january 2014

More news about FxPro

FxPro will remain in private hands, abandons plans to list on LSE Jan 05 2017 07:50:03
FxPro hikes margins on European spot indices ahead of Italian referendum Nov 30 2016 11:21:04
FxPro reducs margins for certain MXN, CHF forex pairs Nov 15 2016 12:49:11
FxPro launches forex news, analysis via messaging app Telegram Oct 26 2016 09:43:50
FxPros orders executed with positive slippage continue to dominate in Q3 Oct 20 2016 13:13:17

Broker	Advantages
	FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $1 and take advantage of tight fixed and variable spreads, 1:1000 leverage and swap-free accounts.
	FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
	HY Markets is global forex broker with more than 30 years of operational experience, regulated by FCA in the UK. Trade Forex with spreads as low as 1.8 pip
	easyMarkets is a CySEC and ASIC regulated broker offering access to over 300 trading instruments, tight fixed spreads, no slippage and a 50% deposit bonus.

	XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
	FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

	FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
	Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.
	Grand Capital is a MT4 forex broker, offering $500 no deposit bonus and 40% bonus on all deposits.


	FBS is a broker with cool marketing and promotions. It runs an ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

Broker	Country	Regulation	Platform	Min Deposit	Review
	Cyprus	CySec	MT4, MT5, Web	$5	Review Website
	UK, Australia	FCA, ASIC	MT4, Web, Mirror Trader, Trading Station, NinjaTrader	$50	Review Website
	UK, Cyprus, Hong Kong	FCA, CySEC, SFC	MT4, Web, PrimeTrader	$100	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, Web	$100	Review Website
	UK, Australia, Singapore	FCA, ASIC, MAS, BaFin	MT4, Web, ProRealTime, 2Dealer	$0	Review Website
	UK, Cyprus	FCA, CySec	MT4, MT5	$5	Review Website
	UK, Cyprus	FCA, CySEC	MT4, MT5, cTrader, SuperTrader, FxPro Markets	$100	Review Website
	Cyprus	CySEC	MT4, MT5, cTrader	$300	Review Website
	Belize	IFSC	MT4, MT5	$100	Review Website
	UK, Cyprus, Bulgaria	FCA, CySec, FSC	Web	$150	Review Website
	Seychelles	FinaCom	MT4	$10	Review Website
	Belize	IFSC	MT4, Web	$500	Review Website
	Cyprus	CySEC	MT4, Web	$25	Review Website
	Belize	IFSC	MT4, MT5, Web	$1	Review Website
	Cyprus	CySec	MT4, Web, Gwasy	$100	Review Website

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