ForexNewsNow – Forex broker Forex4You announced on their website that 72.45% of its clients’ accounts that executed at least one trade during the week of April 9th – April 14th were profitable. If accurate, this would represent a very high percentage of account profitability for an online forex broker.
Foreign exchange broker Forex4You reports that it operates 489,489 live trading accounts with 271,296 open orders as of April 19th. The Forex4You claim states that of the 21,817 trading accounts that closed at least one order last week, 72.45 % were profitable. Of those accounts, the account with the highest profitability was one entitled KARLIN that boasts a 483% profitability rate in 23 days with a starting capital of $2,650.
These numbers stand in contrast to the numbers released by the major US forex brokers for Q1 of 2012 that showed that the broker with the highest amount of profitable fx trading accounts was GFT with 40.6%. This does not take into consideration other brokers such as Interactive Brokers, which offers accounts where investing is carried out on additional financial instruments, that reported a 51% profitability for its clients’ trading accounts for Q1 2012. Additional information about the report on US forex broker accounts profitability can be found here.
Forex4You has offices in London, Mumbai, and the British Virgin Islands. The company offers forex trading via the MetaTrader 4 and 5 platforms in additional to mobile and tablet apps. The broker offers its services in a number of different languages including Chinese, Thai, German, Russian, Arabic and many more.
For more information about Forex4You click here to read our full Forex4You review.