In the first response I have spotted made by a forex broker to their recent proposal to limit leverage to a maximum of 10 to 1, the CFTC earlier this week published a 6 page letter from Interbank FX on their website. Interbank FX welcome most of the other CFTC proposals, but say that the 10 to 1 leverage proposal:
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Recently FXCM UK started allowing users of their proprietary Trading Station II platform to trade contracts for difference (CFDs) in a range of non forex instruments. Maybe they should change their name to CFDFXCM? The now misleading name aside, this allowed UK customers of FXCM to start trading gold, silver, oil and a range of stock indices from around the world.
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