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FX volatility increases in the opaque economic situation,'FX margin trading' that seeks foreign exchange gains is rapidly increasing. There are cases where private companies are attracting investors and damaging them by making such deals.

Reporter Hyung-Woo Jeon.

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FX margin trading is a transaction that seeks foreign exchange gains by buying and selling two foreign currencies.

Securities companies can invest with a margin of $10,000, or about 12 million won, which is a risky investment because it can leverage up to 10 times the principal.

FX margin trading soared as the exchange rate increased due to the corona crisis.

As a result, private companies were promoted through the Internet as a'recyclable means in small amounts'.

Recently, about 500 people who traded for FX margins through a private company sued the company for losing from tens of millions to as much as 300 million won.

[Mr. A/Investor: I was looking for financial resources because I wanted to roll more money. No matter how much you look on the Internet, all are'legitimate, legitimate' (I was there.)] The

police are investigating the company for the establishment of a gambling facility.

He said that he promoted that he received a license and patent for the financial industry, but that he did not receive a financial industry license.

It also claims that the company manipulated the exchange rate lookup system so that investors could not profit from the beginning.

[Attorney/Investor of Hyung-Jin Gong: FX (private company) When you substitute the actual value on the chart presented by the head office, you get the exact opposite result.

" "I didn't know and there was no system operation."

The Financial Supervisory Service issued a consumer warning saying that such private FX margin trading is a simplistic game and illegal gambling.

(Video coverage: Seongil Kim, Hyuncheol Park, Video editing: Sungwon Ha)