Trader makes â¹79 cr profit thinking he was on demo account
A French trader who made $11.6 million (â¹79 crore) using a brokerage's platform he initially thought was a demo system is suing the company after it seized his earnings. The trader placed $1.16 billion worth orders and suffered $1.16 million loss before realising the trades were live. He continued trading and eventually made the profit on a $5 billion position.