GMO Click Traders Suffer Larger Binary Options Losses in February

The percentage of binary options traders losing money on GMO Click's platform increased in February, with almost 78% of accounts

Japanese broking giant, GMO Click Securities, has disclosed its binary options figures for the month ending February 2016, which saw a marginally higher number of traders experiencing financial losses with their binary options trading than in the month prior, according to a GMO Click statement.

GMO Click reported its transaction proportion of loss occurrence during February, aggregating the number of accounts whose total monthly income has drifted into negative territory. More specifically, for February 2016, GMO Click’s data revealed that 77.81% of binary options accounts lost money during the month.

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The aforementioned figure indicates that more trading accounts incurred monthly losses in February 2016 than in the previous month, which registered a figure of only 77.17% back in January 2016, a climb of roughly 1.0% MoM. While the climb is notable at GMO Click, the monthly figure is still off a high set last year at 80.31% in March 2015.

Furthermore, 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 96.10% in February 2016, declining 99.16% in January 2016. The change in transaction amount shows a 3.1% drop MoM.

GMO Click recently made headlines after it reported its FX trading volumes for February 2016, which surged to $1.45 trillion (¥164.6 trillion) for the month. This correlated to a massive jump of 23.2% MoM from $1.18 trillion (¥133.6 trillion) in January 2015.

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