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FxPro's SuperTrader Marks 67% Successful New Traders

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 

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