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Old 01-21-2010, 03:25 PM   #1

Join Date: Aug 2008
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Expensive Regulation Proposed for FX

The CFTC is trying to reduce Forex leverage to 10 to 1 for all US Forex traders. This means that if you now have 100 to 1 leverage you will have to increase your deposits 10 times to trade the same amount of currency. The act is open for comment, I hope it can be stopped. Here is a link describing other details. Sorry, it has a pop up you have to close to view the article, it was one of the best write ups.

http://www.fxstreet.com/education/fo...010-01-19.html

I suppose this is a contact email to send comments. secretary@cftc.gov

here are other contact ways

http://www.forexcrunch.com/act-again...rage-proposal/

Last edited by Eric Johnson; 01-21-2010 at 04:12 PM.
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