Comments on: FXCM UK Increase Margin Requirements http://trading-gurus.com/fxcm-uk-increase-margin-requirements/ Trading Systems and Robots Mon, 06 Sep 2010 19:13:28 +0000 hourly 1 By: Jim http://trading-gurus.com/fxcm-uk-increase-margin-requirements/#comment-646 Jim Fri, 12 Feb 2010 16:49:57 +0000 http://trading-gurus.com/?p=754#comment-646 Hi Jon, I'm not as certain as you seem to be that MetaQuotes will have been bankrolled by the NFA! If you're smart you can also set yourself up as some sort of corporate entity to get around the "US citizen" restrictions. Jim Hi Jon,

I'm not as certain as you seem to be that MetaQuotes will have been bankrolled by the NFA!

If you're smart you can also set yourself up as some sort of corporate entity to get around the "US citizen" restrictions.

Jim

]]> By: Jon http://trading-gurus.com/fxcm-uk-increase-margin-requirements/#comment-642 Jon Fri, 12 Feb 2010 14:50:44 +0000 http://trading-gurus.com/?p=754#comment-642 Only the questionable firms in questionable jurisdictions will continue to offer 1:500 nonsense leverage with minimal deposit of $5 to open an account. But serious firms in UK will offer 1:100 and 1:200 forever. Now, I am sure CFTC and NFA will try to strongarm FSA to follow suit or the next move would be to make it illegal for US citizens to go offshore to do forex. This won't stop smart people. You simply find a friend in UK and open the account in that person's name and address and you trade it yourself. No other nation will let NFA dictate crap to them. Even if they ask that they disallow US citizens from opening accounts with them. They will all protest stronger. It is now painfully clear that NFA paid a hefty sum to MetaQuotes to develop MT5 platform. Only the questionable firms in questionable jurisdictions
will continue to offer 1:500 nonsense leverage with
minimal deposit of $5 to open an account. But
serious firms in UK will offer 1:100 and 1:200 forever.
Now, I am sure CFTC and NFA will try to strongarm
FSA to follow suit or the next move would be to make
it illegal for US citizens to go offshore to do forex.
This won't stop smart people. You simply find a
friend in UK and open the account in that person's
name and address and you trade it yourself. No
other nation will let NFA dictate crap to them.
Even if they ask that they disallow US citizens
from opening accounts with them. They will all
protest stronger. It is now painfully clear that
NFA paid a hefty sum to MetaQuotes to develop
MT5 platform.

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