GMO Click’s April Binary Options Traders Incur Growing Losses

GMO Click’s April Binary Options Traders Incur Growing Losses

GMO Click Securities, one of the largest brokers in Japan, has released its binary options statistics for the month ending April 2017, which saw even more traders losing money from their binary options activity month-on-month, according to a GMO Click filing.

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The most recent figures at GMO Click showed that 78.54 percent of binary options accounts lost money during the month.

April 2017 was nearly congruent with January, which was the highest level of the year in terms of the amount of trading accounts that suffered monthly losses. April 2017 did see an increase in trading losses relative to a figure of 77.65 percent in March 2017, or a rise of 1.1 percent month-over-month.

This rise also snapped a monthly consecutive decrease in this figure, which had been in decline since January 2017. In terms of volatility, April 2017 did feature a notable absence of volatility globally, with the exception of the French elections in Europe. Asian markets however were particularly dormant, a fact corroborated by declining exchange volumes in the APAC region.

In addition to this figure, GMO Click’s Ladder Options, a legal type of option available for trading in Japan, reported its total transaction amount as a percentage of the total client payment amount reaching 95.68 percent in April 2017, down on a month-over-month basis from 96.92 percent in March 2017.

GMO Click also recently reported its FX metrics across its Click 365 and FX Neo segments last week – during April 2017, GMO Click’s trading volumes came in at just ¥39.2 trillion ($348.2 billion), a decline of 15.5 percent month-over-month from ¥46.4 trillion ($418.5 billion) in March 2017. This figure is weak compared with the month prior, and GMO Click’s latest reading is also substantially below that of January (¥60.5 trillion) and February as well (¥42.6 trillion).

Source: Finance Magnates

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