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Congressmen Question CFTC 10 to 1 Leverage Reduction

Jim — Thu, 04 Mar 2010 18:01:39 +0000

Is sounds as though some US congressmen have been reading some of the thousands of complaints the CFTC has received about its proposals to reduce leverage on spot forex from 100 to 1 down to 10 to 1.

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Forex Dealers Coalition Website Launched

Jim — Wed, 27 Jan 2010 01:01:53 +0000

In response to the proposed legislation to reduce forex leverage to 10 to 1, beleaguered US brokers have banded together to form the Forex Dealers Coalition to fight a common enemy; the CFTC! The Coalition have just launched their website, which urges their readers to:

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New Download Location for CFTC 10 to 1 Leverage Proposals

Jim — Fri, 22 Jan 2010 15:10:40 +0000

It has been brought to our attention that the original link we published to the page on the CFTC website that allowed you to download the 193 page document detailing its newly released proposals to limit leverage in the retail forex industry in the United States to 10 to 1 now simply says:

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CFTC Publishes Public Comments on Ten to One Leverage Proposal

Jim — Wed, 20 Jan 2010 19:33:38 +0000

The CFTC has now published details of how to comment on its new ten to one leverage proposals for retail forex accounts. If you click the link at the bottom of that page you can also read the initial comments that the CFTC has received.

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The American Dream Moves Offshore?

Jim — Tue, 19 Jan 2010 13:19:11 +0000

When I started writing this blog in the Spring of 2009 I put forward the proposition that thanks to the advent of the internet and online retail forex brokers it had become possible for anyone possessing an entrepreneurial spirit, and prepared to put in the required effort over a number of years, to learn how to turn $1000 that they were willing and able to lose into a business that could support their family and themselves. I didn't say it was easy, but I did suggest it was possible. All that is about to change. It never was easy, and it looks like it's going to get ten times more difficult, for US citizens at least.

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FXCM UK Increase Margin Requirements

Jim — Mon, 26 Oct 2009 15:12:16 +0000

Following on from its "no hedging" and first-in first-out rule changes, the National Futures Association in the United States will shortly impose further restrictions on the activities of its Forex Dealer Members (FDMs). In notice Notice I-09-18 dated September 24, 2009 the NFA informed brokers that:

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