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Trading: the 20 billion FCFA file is still ongoing

In this case, which for several years has pitted investors against Forex trading companies, 20 billion FCFA are at stake. The Minister of Economy, Finance and Foresight returned to this burning issue during an oral question April 18, 2023. For him, “it is almost impossible to disinterest the victims by counting on the assets of the people prosecuted” A French study proves him right. This study carried out by the French Financial Markets Authority on the activities of retail Forex traders revealed that 9 out of 10 clients are losers. Worse, the more active the clients (larger bets), the greater their losses. According to the study, from 2009 to 2012, 13,224 customers lost a total of almost 175 million euros, while the remaining 1,575 customers gained a total of 13.8 million euros.

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