Autorité des marchés financiers () has issued an announcement warning of the potential dangers of trading FX, following a mounting number of complaints from investors.
While the AMF serves as a regulator for a variety of unauthorized FX and Binary Option providers, it has embarked on a campaign to educate would-be traders and investors of the potential perils of FX trading.
According to the results of its exclusive study, nine out of every ten individual customers experiences net losses – the sample size included both FX and CFD (Contract For Difference) traders in nner.
Furthermore, the final results of the study yielded that over a four-year period (2009-2012), the percentage of investors experiencing losses came in at 89%. The average loss of a customer during this period was $13,800 (€10,900).
In the four years combined, a total of 13,224 customers experienced aggregate losses of nearly $220 million (€175 million), with the remaining 1,575 customers earning a combined $17.51 million (€13.8 million).
While these results in and of themselves are unlikely to herald a widespread change in the industry, they do underscore the latent risks in FX trading, along with the need for proper FX-educated traders.
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