Ask European Union to forbid internet Forex brokers

Internet Forex traders are the best way to be ruined, the number of adds on the internet are numerous, on facebook, and in pop-ups you are promised serious training, serious help and advice, when in fact you have absolutely no chance. Forex trading is highly leveraged, between 1:50 to 1:500, which means that you are betting much more than your real money.

The numbers are there, 90% of clients loose all the money on their account in 3 months, on a yearly basis only 1 or 2% are profitable, which means that you have more chances of wining playing the roulette in a casino. There is like the casinos "beginner's luck", which makes you confident that you can make a lot of money quickly, when in fact you are sure to loose everything.

Please ask the European Union to put a stop to people loosing a big part or all of their savings, sometimes even more, on something which is simply and plainly a scam and should only be done through licensed brokers in banks or broker offices, and not on the internet where anyone more than 18 years old can start trading

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