 |
 |
|
Brokers with mini & micro accounts
Brokers with the highest leverage Brokers with the lowest EURUSD spreads Forex brokers spread comparison Forex brokers spread comparison LIVE Brokers with Gold, Silver, Oil & CFDs Forex brokers offering USD/INR pair Forex brokers for news trading 5 digit Forex brokers
Brokers with segregated accounts
Brokers with swap-free accounts Brokers with MAM, PAMM, LAMM Forex brokers with IRA accounts Brokers with No expiration Demo accounts Brokers with Social Trading Networks ActTrader Forex brokers MIG BANK Technical analysis (daily)
|
Gold & Silver Trading Ban in US
Starting July 15th, 2011, enforced by CFTC, in accordance with Dodd–Frank Wall Street Reform and Consumer Protection Act, all US based Forex brokers, who are registered with CFTC, are required to stop offering leveraged commodities and precious metal trading (including Gold & Silver) to retail clients.
As the result, US traders will no longer be able to trade popular precious metal pairs, such as XAU/USD, XAG/USD and other with Forex brokers in the United States. The regulation will not affect Gold & Silver trading in other countries. As the deadline approaches, all affected U.S. retail Forex brokers will be informing their clients about closing operations in precious metals. The latest updates from Forex brokers: FOREX.COM "...In conjunction with this new regulation, FOREX.com must discontinue metals trading for US residents on Friday, July 15, 2011 at the close of trading at 5pm ET. As a result, all open metals positions must be closed by July 15, 2011 at 5pm ET..." OANDA "...You will still be able to trade precious metals, but only on a 1:1 non-leveraged basis (requiring substantially more margin)..." Copyright © 2008 — 2013 | 100forexbrokers.com | All rights reserved
About us Contact Advertising Disclaimer Privacy policy Link to us 
|
Popular questions:How to choose a Forex broker? New NFA rules:
New PollHow many brokers have you changed during the 1st year of Live trading?
1
13%
2
16%
3-4
22%
5 or more
19%
I stayed with my fisrt broker
31%
Total votes: 1014
SearchWho's onlineThere are currently 16 guests online.
|
BrokerGuru
June 27, 2011OANDA so far said they will keep precious metals, but without any leverage.
"...You will still be able to trade precious metals, but only on a 1:1 non-leveraged basis (requiring substantially more margin)..."
trader
June 29, 2011On top of that, on July 15, 2011 foreign banks (who previously kept accepting US clients) will discontinue services for US clients as well.
Another door is closed for US traders.
trader
June 29, 2011Again, the American population is going to be restricted in its freedom to trade. Who is financially benefiting from all of this?
trader
July 2, 2011This is another way to limit the US citizen from freedom of choice thankfully I am also a citizen of another country and can use that doorway.......
trader
July 4, 2011Good news, let the gold come down to $500 an ounce
trader
July 4, 2011Good thing I don't live in the US. Seriously, if I did, I would be getting set to move somewhere like Europe or Australia and visit family only on holidays, soon it will no longer be possible to trade at all in that country if things keep going that way....
trader
July 6, 2011I am a u.s citizen and It should be my choice to decide on how I trade. Other countries keep sounding better and better I guest that is why some of the big companies have left the u.s.
trader
July 7, 2011This is terrific...just what we needed! We are so fortunate to live in the US....our politicians are doing such a wonderful job, especially Senators Chris Dodd and Barney Frank! What would we ever do without them and their great socialist ideas buried into the Farm Bill which limit our right to have the "FREEDOM" to be independent thinkers and trade or invest our own hard earned money the way we want???
What's next? Are they going to tell us that we can't buy a condo in Madrid, or a time share in Mexcio??
....land of the brave and home of the "FREE", is quickly turning into an "Orwellian" society.
....and you thought they made you read that book in high school for nothing, didn't you?????
trader
July 12, 2011Looks like a shorting opportunity may come up. The trick for a non U.S based person is how to profit from U.S. Politics. Perhaps developing some sort of trader shadow system that will allow U.S. citizens to trade on a foreign account, for a price of course.
I have another query. If Gold and silver trading using margins is banned to protect traders, why has forex trading not been banned.
trader
July 13, 2011Hi guys I am from Australia and that ban is a joke seriously the land of the free and capitalism....what a joke
trader
July 14, 2011You will be amazed even more, after I tell you this:
The same "Dodd-Frank Wall Street Reform" also contains complete ban on retail Forex trading for US brokers, which was supposed to take effect tomorrow, but it was postponed for 1 year now...
"The U.S. Securities and Exchange Commission on Wednesday voted to delay by one year implementation of a rule blocking brokers from trading in foreign currencies for retail clients.... But in response to concerns from brokerage houses that the rule would hinder international stock trades, the SEC delayed its effective date until July 16, 2012, which will provide time for a review".
One question remains WHY do that?
trader
July 15, 2011We should be able to trade in other countries because of the internet . The big get bigger and they keep the small guy smaller. This will make gold and silver priceless and the American Dollar worthless.
Write your comment or a review