Time frame — They are taking comments for 60 days from January 13, 2010 on the current proposals. It could be easily another 60 days from that point or longer for firms to get under compliance. However, if the FXDC [FX Dealer Coalition] is ...

New Leverage rule for FX COMING?

Ok, lets flip the coin... tell the board the amount of equity in your trading account... you and Vontrader both. Since you seem to think high leverage favors only the broker. Because only knowing what your account equity is can I make an example out ...

Interbank FX Opposes CFTC's Proposed Leverage Limits of 10:1

Carrie is right, don't take the attitude that this rule has already been passed. Now is the time to complain about it as much as possible to the CFTC, congressmen etc. Spread the word to other boards you frequent.

Interbank FX Opposes CFTC's Proposed Leverage Limits of 10:1

If anything could make you form a conspiracy theory this one might be it.

10 to 1 You're done...

Multiple Guess name your poison. — This is what they are hoping you do and I think most traders will revolt because: A: sending in more funds increases their risk or exposure. B: the return on said funds is too low to be worthwhile. C: they ...

New Leverage rule for FX COMING?

10 to 1 is lots? Tell the board how much money you're trading with. What is the equity in your trading account?

100:1 leverage will change.. speak out!!

I don't think this can be stuck to anyone president. Bush started alot of this in action with the bubble bust. They are trying to prevent another blow-up and prevent fraud. What's the easiest way to kill fraud in the spot FX? I've give you a hint, ...

UK brokers not allowing U.S. customers?

Xaron, is right. The best advice is to find a strategy first. One that works and is profitable. Then determine what leverage to use to trade the strategy safely. If you start with 10:1, 50:1 you're confined to a small zone and window of opportunity ...

Is it good use high or low leverage as a beginner?

This is all in good, but I have a friend (US resident) that traded with a global firm from their UK branch and the way they set up their platform gave them a license to steal. He realized there would be little if anything he could do about it except ...

New Leverage rule for FX COMING?

CFTC proposal attached — The rules proposed will force all U.S. spot FOREX dealers to be registered [from what I have read] It will close all loopholes, the brokers will need 20million plus in reserve capital and need to be registered. Mom+Pop ...

New Leverage rule for FX COMING?

Perfect example and an example the rich that trade at 10:1 don't understand because they don't have to. However, this is an additional reason to support the cause. [not the only reason] I am glad to see people are really beginning to think openly ...

New Leverage rule for FX COMING?

Lawyer UP! — yeah I heard FXCM quote that the FX business in the U.S. is a billion dollar a year industry. Them boys at the CFTC better lawyer up! If it goes lower than 100:1 my money is leaving U.S. jurisdiction. Like hell if I am going to ...

New Leverage rule for FX COMING?

IBFX response — Here's IBFX response to CFTC leverage change proposal: Please everyone get involved in this to help defeat it. Spread the word...

CFTC gains clear jurisdiction over US Spot FX Market

IBFX Response — Ok gize and galz, This should give everyone the "miracle grow" they need to grow some balls and take a stand. Draft a letter to the CFTC. Everyone stand together. Will it really hurt you if you stand against the rule change of ...

New Leverage rule for FX COMING?

The main reason they state for these changes is to stop fraud. A good amount of this can be attributed to ponzi scams "r" us - Madoff and Stanford. This is likely who we have to thank for a good amount of this. The next thing is Spot FX is an infant ...

UK brokers not allowing U.S. customers?

thanks Benny. Please help spread the word as much as you can. PS. can we get a moderator to sticky these messages about CFTC for the next 56 days? After 56 more days they can be dropped into the abyss.

CFTC gains clear jurisdiction over US Spot FX Market

Thank you for all your comments and keeping the thread alive. However, don't give excuses as a reason to not draft a letter to the CFTC. They are accepting comments on the proposal it's not law yet. Each comment will be posted for all to see. The ...

New Leverage rule for FX COMING?

That link is so fast to cover up unless you are registered there... I hate websites that do this crap. So I include a snapshot of the news article below. It's important because on January 13, 2010 the CFTC has a proposal out to shake up the industry ...

CFTC gains clear jurisdiction over US Spot FX Market

CFTC comment letter — It's still early. If the 10:1 rule is enacted they will see a flood of withdrawals from U.S. based brokerages like they have never seen. All U.S. firms in retail forex will be forced to open offshore brokerages, they will ...

UK brokers not allowing U.S. customers?

That's good for you. But should be restricted only to that choice? America's theme is "Freedom and liberty for all." How does that theme translate into non-sensical rules and regulation? You must realize before the NFA got involved we were at 400:1. ...

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