Just an FYI: This post should be in another thread. This thread is discussing about the new proposed 10:1 leverage limit for Retail Forex Brokers.

Could 10:1 be the new leverage in US Forex?

I still don't and I am sure majority of us traders who read this post, don't get what's so funny to laugh at Retail Forex. Spot Forex IS an OTC market because there is no organized exchanges but that's just how the market is. And that's so funny ...

US citizens won't be able to have forex accounts overseas

This discussion is getting my post count way high!!

US citizens won't be able to have forex accounts overseas

Sheriff is in town? Yeah right. If they REALLY want to play the "Sheriff"? Why don't they enact some real laws to protect us "villagers" for a change instead of trying to pass this joke of "regulation" to limit us traders on what we can and cannot ...

US citizens won't be able to have forex accounts overseas

Why is there a need for control of margin? Yes, it would affect day-to-day trading for the majority. We are already stuck with limit of margins in other markets, yes, but it is REALLY necessary to bring it to Retail Forex Industry too? Since ...

US citizens won't be able to have forex accounts overseas

I said they are chipping away at the Retail Forex Industry one piece at a time, not just our rights. Retail Forex Industry is unique in its own way. Why is it we have to be "in line" with the other markets? This proposal is impacting the Retail ...

US citizens won't be able to have forex accounts overseas

Well for that, you have Wannatradefx to blame. He's the one who got me started. The issue of this new rule is not about its impact on our traders' trading style or broker's business; it's an issue of having our trading strategies and business ...

US citizens won't be able to have forex accounts overseas

Well exactly, and it's not a guess, this proposal was designed for the purpose to flatten out the Retail Forex industry which is made up of "upstart brokers" under the pretence of "protecting individual investors". You want to do something to ...

Could 10:1 be the new leverage in US Forex?

First of all, I am not trying to define or gauge the size of the Retail Forex market. All I am trying to illustrate is that a market's size shouldn't be judged by how much people put in to trade but rather its actual trading volume and the fact that ...

US citizens won't be able to have forex accounts overseas

So? What does daily average volume have anything to do with leverage? Just because Joe Schmo was only able to put down $1,000 to trade, he is still trading $100,000 standar lot at a time thanks to leverage and he is still making up the daily average ...

US citizens won't be able to have forex accounts overseas

Well, next time when they want to be seen doing something, why don't they enact some regulations against the "Big Boys" on the Wall Street for a change? You know like make them repay the bailout money by waiving the commissions or transaction fee ...

Could 10:1 be the new leverage in US Forex?

In reality, Retail Forex business IS big business. This is not just a political issue. This proposal has enormous economic impact. The daily trading volume of Forex around the world is what? $ 5 Trillion? Assuming Retail Forex is 5% of that volume, ...

US citizens won't be able to have forex accounts overseas

This is not a battle between US brokers and the US regulators. This piece of s*** proposal is aimed at us individual traders, make no mistake about it, taking away our ability, once again to manage our own wealth the way we want. They did it to the ...

US citizens won't be able to have forex accounts overseas

Well this proposal, if became law, will be a true test of the integrity and honesty of US Retail Forex brokers and the necessity of watchdog organization like CFTC and NFA. If US brokers really move their operations to countries with lax or ...

US citizens won't be able to have forex accounts overseas

In addition to already mentioned, MB Trading, Dukascopy

Which MM or ECN brokers can beat Oanda Spread?

I agree. Ever since when did CFTC has ever done anything genuine to protect us individual traders when we have really gone to them for help? When have we individual traders have ever mattered to them? Bunch of dim-wit, self-serving beaucrat fat cats! ...

US citizens won't be able to have forex accounts overseas

So if us Non-US clients don't like the decreased leverage in US brokers, we can go to other non-US brokers who chose not to register with CFTC. Quite frankly, other countries like UK and Canada have stringent regulations for the investment industry ...

US citizens won't be able to have forex accounts overseas

If you would like to comment for or against, please send an email directly to the CFTC at [email protected] that way your voice is heard. Include 'Regulation of Retail Forex' in the subject line of your message. The more feedback that you send to ...

US citizens won't be able to have forex accounts overseas

This new rule is totally unconstitutional. It's a serious infringement of Freedom of Ownership. If I am allowed to have real estate properties overseas, why shouldn't I be allowed to hold Foreign Exchange accounts overseas? This is a concerted ...

US citizens won't be able to have forex accounts overseas

Oh wow! That's brutal! I guess they really make money then

If you make money, does Oanda make money?