November 2025: Latin American Traders Overtake Asia in the XFINE Rankings

The brokerage firm XFINE has summed up the performance of its clients’ trading results for November 2025. Partner activity was also assessed.

• While traders from Asian countries dominated the podium during the summer and early autumn, in November the leading positions shifted to representatives of Latin America. This may be linked to changes in the precious metals market. Statistics show that traders from Asia tend to prefer gold, betting on its growth. And as long as XAU/USD kept updating historical highs, this strategy worked. But after 20 October, when the pair plunged from 4,380 USD per ounce to 3,886 USD, holders of long (buy) positions moved into negative territory. The outcome was disappointing – at minimum, Stop Loss orders were triggered, and those who traded gold without stop orders suffered even greater losses.

At the moment, XAU/USD is slowly but steadily climbing upward (full details, as usual, can be found in XFINE’s weekly analytical reviews). It is possible that “gold bugs” will soon reclaim the top positions in the rankings, but for now the South American traders are in the lead. Of course, they also trade gold and silver, but their portfolios are dominated by pairs such as AUD/JPY, AUD/CAD, EUR/USD, EUR/CAD, EUR/NZD, GBP/JPY, GBP/AUD, GBP/CAD, NZD/CHF, NZD/USD, USD/CHF, USD/CAD and USD/JPY.

As a result, in November the top step of the podium was taken by an XFINE client from South America, account No. 50XX05, with a profit of 3,392 USD. He is followed by another trader from the same region, account No. 50XX52, who finished the month with 3,385 USD. Finally, third place went to a trader from the CIS, who, thanks to trades in XAU/USD and the US500 index (Standard & Poor’s 500 Index), managed to earn 1,750 USD.

• The TOP-3 XFINE partners for November are as follows:

– Leading the ranking is a partner from Northern Europe, account No. 105XXX, who earned 19,350 USD using the CPA (Cost Per Acquisition) model. He is followed by a colleague from Eastern Europe, account No. 102XXX, who also used the CPA model and received 12,300 USD in commission. Completing the top three is a partner from South America, whose clients primarily traded currency pairs. As a result, under the standard IB (Introducing Broker) programme, he earned 9,770 USD.

To clarify the difference: under a standard IB programme, the broker pays the partner a share of the commission or spread from each trade made by their referrals. The CPA model works differently – the partner receives compensation as a percentage of the client’s deposit top-up amount.