Currensee today released an impressive set of business metrics which evidence its latest growth: Currensee’s clients have invested an impressive $12 million in its Trade Leaders program which has now traded $6 billion. This is quite an amazing number as $12 million deposits by any single IB is something that is not seen too often in this market, let alone when that IB has a completely unique business model which itself requires educating the market and extensive marketing efforts.
In our relatively small retail forex market I’m happy to see a growing confidence in innovative models such as this one and I’m sure that it’s just the beginning for the social forex niche.
BOSTON – June 23, 2011 – Currensee, (www.currensee.com), the alternative investment service that gives investors unique access to the world currency markets, today announced that $12 million has been invested by participants in its Trade Leaders™ Investment Program since its October 2010 launch, resulting in an impressive $6 billion in volume traded through the service.
Prior to the Trade Leaders Investment Program, the $4 trillion-per-day foreign currency (Forex) market was accessible only to traders who spent their time studying charts, predicting a pair’s next move and maniacally following the latest world news and economic trends. Even after all of this rigor, less than 30 percent of Forex traders actually make money from trading. This is why the Trade Leaders Investment Program provides an alternative service for investors who want to diversify from the stock market and access the world currency markets, but who may lack the experience, time or know-how. The program lets retail investors of all types automatically replicate the trades of some of the world’s most successful Forex traders, called Trade Leaders, enabling diversification into the Forex market, a truly uncorrelated asset class.
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In just seven short months, the program has gained significant momentum, hitting the following milestones:
- $6 billion in volume has been traded through the program, a 50-percent increase since April 14, 2011
- $12 million in assets under management since launch
- More than 400 individual investors are actively participating in the program
- Average investor account size exceeding $25,000
- An average of 3,500 trades are executed every day, using the Currensee Intelligent Trade Replication Technology™
- Investors from more than 50 countries using the service in English, Chinese, French, Italian and Spanish
- Nearly 50 percent of the growth in assets during the last 60 days has come from investors achieving success in the program and depositing additional capital
“I have always wanted to give currency investing a go but it seemed too complicated for a non-expert like me,” said Jeffrey Morris, an investor in the Trade Leaders program. “With the Currensee Trade Leaders program, I have confidence in the Trade Leaders in my portfolio and their trading styles. And I appreciate the fact that I still have complete control over my investing decisions.”
“The Trade Leaders Investment Program has opened the world currency market to all types of investors,” said Dave Lemont, Currensee CEO. “What’s clear is that the program’s simple and transparent structure, along with consistent performance and risk management, is an exciting alternative to investors everywhere who are looking for diversification and new investment options. The assets under management growth is impressive and speaks to the caliber of Trade Leaders along with success our investors are seeing in the program.”
Currensee is the alternative investment service that puts the power of world currency markets in the hands of every investor. With the Currensee Trade Leaders™ Investment Program, investors build their own automated trading portfolios of Trade Leaders, top foreign currency traders hand picked from the thousands of members of the Currensee social network. The program offers investors an alternative to traditional asset classes and Trade Leader performance is completely uncorrelated to the stock market. Currensee delivers complete account control to investors, who can see every trade in real time, manage and modify investment allocations with one click and benefit from the safety and security of proprietary online investing technology. Currensee is funded by North Bridge Venture Partners, Egan-Managed Capital and Vernon & Park Capital and is a member of the National Futures Association (NFA) and registered by the Financial Services Authority (FSA). For more information, visit us at www.currensee.com. Find us on Facebook, follow us on Twitter, and watch us on YouTube.