NordFX recently shared a performance report for July, showcasing an exceptional achievement by one trader who made 5.5 million USD in a single month. This remarkable result was obtained from two separate accounts, with one generating a profit of 464,000 USD, while the other earned a staggering 5.1 million USD.
The Month Of The Pound
The successful NordFX trader from India, with account number 1566XXX, made their fortune primarily by trading two base currencies, the pound sterling and the euro. These pairs included GBP/USD, GBP/JPY, EUR/USD, and more.
However, this investor wasn’t the only one to profit from the price movements of the GBP in July, as the second and third positions were also secured by traders who focused on this currency. Another Indian trader earned over 318,000 USD from most of the same currency pairs and a Chinese client made nearly 180,000 USD from trading GBP/USD and GBP/JPY.
NordFX’s Top Signals
The broker also shared the successes and failures of its various signal providers. In July, the BangBigBossTop1 signal showed the largest profit increase of 164%. Although it was unprofitable in its first month, it grew by 398% at the beginning of summer, with a maximum drawdown of 55%, making it a high-income, high-risk signal. NordFX also drew attention to the COEX.investments-Treis3 signal, which is suitable for investors with a smaller risk appetite.
The NordFX Mobile App is also available for traders who prefer to trade on the go.
This service experienced a 5.5% increase in July with a maximum drawdown of only 1%. However, the signal is still new and was only created in early June.
NordFX also presented the results of their PAMM services, promoting KennyFXPRO-The Multi 3000 EA, a fund manager with a 34% increase in capital since the beginning of the year (5.3% in July) and a drawdown of less than 15%. TranquilityFX-The Genesis v3 also saw an 18.5% increase over four months with a maximum drawdown below 10%.
NordFX is a global forex brokerage that holds several reputable licenses from CySEC, among others. Investors can take advantage of the company’s substantial leverage rates (up to 1:1000), tight spreads (from 0 pips), half-second execution speeds, and suite of additional features, including regular market analysis, a currency converter and economic calendar, all available on the world-renowned MetaTrader 4 platform or the broker’s own mobile app released in April 2021.
NordFX clients are not limited to manual analysis and order execution. Percentage allocation management modules (PAMMs) and a range of trading signals can be used to reduce much of the monitoring required.