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CFTC proposal to cut Forex leverage to 10:1




Update (September 1st, 2010):
CFTC has reached a compromise with the Forex Dealer Coalition (FXDC) regarding leverage requirements:
instead of 10:1 leverage cut in the proposed earlier rules, the new 50:1 leverage will be introduced on October 18th, 2010 for all U.S. customers.


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trader

January 3, 2011

Russia gives more freedom than the
good old USA!!!! when it comes to investments, how strange this world has become.
Remember, we are fighters for freedom and look now at what we have become: Protected by Big Brother while the corporations have added further debt for every U.S. citizen to the tune of approx. $180,000 (even at birth for the total debts our government has created for all of us). I think it is time to have a real change, not a phony one!!!

trader

June 29, 2011

So, restriction from preventing loss (ie. no hedging), leverage restriction to 50:1 on majors and 20:1 on minors (eg. GBP/JPY), and a restriction of US citizens to CFTC brokers to prevent them from taking their business elsewhere. Obviously, someone doesn't want any US citizens who can't afford to obtain their own offshore corporations to trade with offshore brokers to profit from forex. Why? What US cartel is financially benefiting from the success of imposing these restrictions upon the American population?



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