Act Against the CFTC 1:10 Leverage Proposal
January 15th, 2010 admin
The absurd proposal by the CFTC to limit leverage in forex to 1:10 is causing anger. Here’s how you act to stop it! The CFTC is beginning to regulate American forex trading. In their initial proposal, there’s an idea to limit leverage to 1:10. High leverage is one of the key characteristics of forex trading. If this proposal is implemented, it will practically kill the American forex industry, as traders will move their business elsewhere. So, here’s what you can do. I’m quoting the information from a fresh blog post from FXStreet’s CEO, Fransesc Riverola. Thanks Fransesc! If you disagree with the CFTC proposal to restrict leverage across the board to 10 to 1 leverage, you may submit your comments to secretary@cftc.gov . Include “ Regulation of Retail Forex ” in the subject line of the …
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The window for submitting comments to the proposed CFTC regulation is closing on March 22nd. This is the last call to act against the proposed 10:1 leverage limitation . With traders, forex brokers, introducing brokers and also congressmen against this proposal, there’s some hope. Here are the details: As we’ve seen in recent cases,...
It took the CFTC a lot of time, but they finally finalized their ruling for forex: leverage will be limited to 50:1 on major currencies, and 20:1 on minors. The pressure against the initial 10:1 proposal worked, but the industry will still change. American traders: Will you stay with your American broker? In January, the forex industry was shocked...
Some American Congressman are dissatisfied with the CFTC’s proposed leverage limit of 1:10 in forex trading . This is a result of pressure that came from the public and forex dealers. The fight for the US forex industry is still on. Here’s an update. The CFTC wants to limit leverage to “protect the public”. That’s what...
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