Current state of Affiliate Marketing:
I proudly recognize that I helped to drive up the average cost to lure in new retail forex traders to about 1000 - 1500 USD in Western countries.
https://financefeeds.com/lead-recycl...-inefficiency/
The house of cards tumbles.....
Even ASIC finally starts to regulate against the epic retail forex fraud..... well it took them far longer than CFTC, ESMA or Japan... but they finally get it too. Better late than never!
Because the Aussi retailers lose like hell.....especially since they still get up to 500:1 leverage, which is absolutly toxic:
https://financefeeds.com/asic-deals-...ry-really-bad/
A few things need to be highlighted out of this report:
“In our 2019 review we found that during the period 1 January 2018 to 31 December 2018: There were over 9.3 million positions that were automatically closed out by CFD issuers for around 1 million active clients; there were over 41,000 CFD trading accounts that went into negative
balance (i.e. the retail client owed money to the CFD issuer); and the total negative balance (i.e. the total amount owed by those retail
clients) was over $33 million.”
Wow:
1 Million active customers got a margin call! They lost more or less everything.
41000 CFD trading accounts went in to negative balance!!! These guys even lost about 800 USD more than their deposit on average!
As outlined in paragraph 70, retail client losses from trading CFDs are a component of the $1.5 billion gross trading revenue CFD issuers received in 2018. Our evidence of client losses is broadly consistent with reported losses in other jurisdictions. For example, the FCA reported that an estimated 78% of active retail client CFD accounts were loss-making, with total loss estimated at £1.07 billion a year. The FCA noted that other regulators in Europe reported similar poor results for retail clients” says ASIC.
Holy sh.... the Aussi retail fx customers lose about 1 billion pound a year.
1 Mio customers lose on average about 1000 a year.... that's absolutly plausible.
But yeahh.... still a lot here on FF claim they make money in the long run..... ohhh wait, how much do they get per new victim the channel to a forex broker? They have about 500 - 1000 reasons to keep the dream alive and directly benefit from spreading the lie of profitable retail forex trading.
Retail forex trading is a negative sum game for losers!
I proudly recognize that I helped to drive up the average cost to lure in new retail forex traders to about 1000 - 1500 USD in Western countries.
https://financefeeds.com/lead-recycl...-inefficiency/
The house of cards tumbles.....
Even ASIC finally starts to regulate against the epic retail forex fraud..... well it took them far longer than CFTC, ESMA or Japan... but they finally get it too. Better late than never!
Because the Aussi retailers lose like hell.....especially since they still get up to 500:1 leverage, which is absolutly toxic:
https://financefeeds.com/asic-deals-...ry-really-bad/
A few things need to be highlighted out of this report:
“In our 2019 review we found that during the period 1 January 2018 to 31 December 2018: There were over 9.3 million positions that were automatically closed out by CFD issuers for around 1 million active clients; there were over 41,000 CFD trading accounts that went into negative
balance (i.e. the retail client owed money to the CFD issuer); and the total negative balance (i.e. the total amount owed by those retail
clients) was over $33 million.”
Wow:
1 Million active customers got a margin call! They lost more or less everything.
41000 CFD trading accounts went in to negative balance!!! These guys even lost about 800 USD more than their deposit on average!
As outlined in paragraph 70, retail client losses from trading CFDs are a component of the $1.5 billion gross trading revenue CFD issuers received in 2018. Our evidence of client losses is broadly consistent with reported losses in other jurisdictions. For example, the FCA reported that an estimated 78% of active retail client CFD accounts were loss-making, with total loss estimated at £1.07 billion a year. The FCA noted that other regulators in Europe reported similar poor results for retail clients” says ASIC.
Holy sh.... the Aussi retail fx customers lose about 1 billion pound a year.
1 Mio customers lose on average about 1000 a year.... that's absolutly plausible.
But yeahh.... still a lot here on FF claim they make money in the long run..... ohhh wait, how much do they get per new victim the channel to a forex broker? They have about 500 - 1000 reasons to keep the dream alive and directly benefit from spreading the lie of profitable retail forex trading.
Retail forex trading is a negative sum game for losers!
5