Locked content Investors lost over PLN 6.5k in H1 on the forex market – KNF

The average result of investors on the forex market in H1 2017 was a PLN 6,742 loss, meaning that the average profit decreased by 11.3 percent y/y, the Financial Authority Supervision said. Combined realized gains amounted to PLN 124.43 million compared to PLN 136.59 million a year earlier, while th...

Locked content FinMin wants to increase KNF supervision over online financial market

The Financial Ministry wants to increase the Financial Supervision Authority (KNF) control over the financial products offered online, such as Forex trading, according to a new draft bill. According to the ministry, the new law would help “prevent fraud on the financial market by unauthorized entiti...

Locked content NIK: Polish companies lost PLN 2.1 bln on forex market

According to data released by Poland’s Supreme Audit Office, between 2012-2016, Polish companies lost PLN 2.1 billion on the forex market. To prevent such losses in the future, NIK recommends banning advertisement of such companies and putting the currency exchange websites under the supervisi...
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NIK: 80% of forex traders lost money

As many as 80 percent of Forex traders have lost their money, Poland’s Supreme Audit Office (NIK) said. Between 2012-2016, clients of Polish FX trading companies have lost PLN 2.1 billion combined.

Locked content CMC Markets enters Poland

UK-based financial derivatives dealer CMC Markets has entered the Polish market, Parkiet daily reported. We are entering the Polish market with a platform for a new generation. It has all the functionalities available in the market, in addition, it includes solutions that cannot be found in our comp...

Locked content KNF wants forex to become safer

The Polish Financial Supervision Authority (KNF) wants to introduce regulations that would make investing on the forex market safer, daily Parkiet reports. The watchdog is suggesting that fx transactions should be secured with a deposit worth 2 percent of their value. The proposal has been sent to t...

Locked content FX market proves risky

The Polish Financial Supervision Authority (KNF) published a report that examined Polish brokerage offices which offered online foreign exchange investment services. It turns out that 81 percent of forex investors recorded losses. Only, nineteen percent recorded a profit. The same loss – profi...