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50:1 Leverage - CFTC Final Rules Release




On August 30, 2010 CFTC has released its Final Rules Regarding Retail Forex Transactions. (You'll be also able to read the full Release below).

Concerning the leverage rules, quote: "Leverage in retail forex customer accounts will be subject to a security deposit requirement to be set by the National Futures Association within limits provided by the Commission".

According to NFA instead of 10:1 leverage cut in the proposed earlier rules, the new 50:1 leverage will be implemented and become effective October 18th, 2010.

This leverage cut affects all retail clients in US, for whom Forex leverage will be limited to 50:1 on major currencies, and 20:1 on minors.
Read more...


Broker discussion area

trader

May 21, 2011

Hello Broker Guru,

Just found your site.
Excellent.
Keep up the good work.
Will be recommending you.

BrokerGuru

May 22, 2011

Thank you!

trader

July 15, 2011

Sure wish we could be free again.

trader

August 11, 2011

I want to know managed account service. I explain what I need, I heard about forex managed account service means I invest some money ($10000 or above) and they give me 10%-20% monthly profit. I don't need to make any trade. I only invest money, other thing done by them. I want to know service providers of forex managed account. Pls give good managed account service provider list. Thanks

BrokerGuru

August 11, 2011

Yes, that's true. You can invest money into a managed account, where a manager will trade on your behalf. The profit % will vary depending on the terms in your managed account contract and successful trading done by account manager. To find a list of brokers who offer managed accounts, please use our Broker Search:
http://www.100forexbrokers.com/fx/broker_search.php

where select the following parameters:
Managed accounts - "yes".

trader

September 17, 2011

This is bold faced communism but anyone who knows thier history will realize this. Who's going to atop them anyway?! Just bend over suckers

trader

September 27, 2011

4runnerforex and loyalforex are no longer accepting U.S. clients.

Here is a link to sign a petition to repeal the Dobb-Frank Wall Street Reform.

http://www.repealdoddfranknow.com/

Can't wait unil the 2012 election to correct our government from overstepping their boundry.

trader

December 21, 2011

Often I just hear WAY TOO MUCH about the "importance of brokers being regulated".....I don't know why so many people think that those regulators are there for the "little guy", NO, people have conceded to the government & "regulators" have been given a "right to rule & steal(tax)" so they've very little incentive to provide good services but brokers who want to do business for the long-term have every incentive to provide a good service as their profits depend on it & it's through customers (traders) coming together & sharing their experiences is the best way to eliminate the bad brokers & bad practices, laws of the market, baby!

The government & "regulators" only work for the bigger guys, NOT for the regular people, they've no incentive to do well for the regular people but working for the bigger guys gets them truckloads of $$$. Nothing epitomizes this more than the stupid FIFO & 50:1 rulings, which is an attempt to chop off two important weapons of individual traders, leverage & hedging......werent' they going for 10:1, it's clearly influenced by the "big guys" who'd be just fine with even lower than 10:1 because they've so much moolah that they can't afford to use very high leverage but to individual traders leverage means A LOT.

Who gives a sh!t about what SEC, CFTC, NFA or whatever BSBS thinks! Commies all of'em! No respect for "freedom to CHOOSE"

trader

December 25, 2011

BrokerGuru: I guess is a good thing to create a new section on the site about brokers offering PAMM accounts. In my opinion, this is a revolution in forex, for the begginers, to follow a manager true a PAMM account.

BrokerGuru

December 26, 2011

Good point, thank you!

Will be added.

trader

February 23, 2012

I feel that Dodd-Frank ruling can be helpful at the same time judgemental towards the small trader. I had an overseas forex broker and my account was terminated because of this Dodd-Frank ruling.
Since then, I have found my self another overseas broker that will work with me and I will not be told with who or whom I can invest my money with. I am an adult and as such, deserve to be treated with some respect. Patrick


trader

March 12, 2012

Regulation only hurts the original profitability model... it does not protect anyone much less the retail investors. US forex business lost a ton of both US and foreign retail customers!



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