French Gvt wants more FX regulations after French Retail lose over $160million dollars

France’s financial markets regulator AMF earlier today published a detailed report on the results of trading of French individual investors in the Forex and CFD markets, with the data showing that cumulative losses for a period of five years exceed EUR 161 million.

AMF has been very active in issuing warnings against unlicensed Forex and binary option brokers over the past year, with the number of such blacklisted companies reaching into the hundreds. The regulator has paid attention to the rising number of unlicensed online trading entities, as well as to the increased number of complaints by investors against such businesses. For this reason, the regulatory authority has undertaken a large-scale quantitative study which covered 14,799 active customers of FX and CFD brokers offering their services in France. The study period extends from 2009 to 2013.