Traders in Poland lost $151 million in 2018 alone

Traders in Poland lost $151 million in 2018 alone

According to the Polish Financial Oversight Commission (PFOC) in 2018 Polish traders lost over 151 million USD.

And if we divided that figure between the nearly 35 000 trading accounts that ended the year in red, it turns out that for the 12 month period a Polish trader has lost on average about 4400 USD.

Al in all 78.9 percent of all retail traders in the country lost money in 2018, marking a slight decrease form 2017 when 79.7 percent of all traders lost money, the PFOC data also shows.

That is more or less in line with the industry average as most brokers regulated in the European Union report losses for about 80 percent of their clients.

PFOC also says that in the end of 2018 active the trading accounts in the country numbered 44 000 of which about 34 500, as we noted, ended the year in red.

Earlier this week the Polish authorities announced the arrests of 11 members of a forex scam gang that has robbed Polish investors of some 520 000 USD.

Back in February an investigation in Germany, Austria, Bulgaria and the Czech Republic led to the arrest of several people for running an online trading scam ring that has stolen over 100 million Euro from retail investors across Europe in 2018 alone.

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