Regulation

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Gain Capital are another foreign exchange broker who are now promoting their MetaTrader platform through an FSA regulated UK company. Gain have long used the FOREX.com brand in the United States. According to the press releases section of their website:

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As zero hour approaches FXCM are taking a different approach to the NFA ban on hedging. If you go to their website today, and wait for a while the banner will change to promote their new UK based website.

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In an announcement on their website forex broker FXDD say that:

In our effort to provide the best solution for your trading regarding the NFA’s new rule on hedging, please know that we have been in contact with the NFA and have offered several solutions which we believe will accommodate almost all types of trading strategies and comply with the NFA rules. Our discussions with the NFA are ongoing and we will keep you advised. In the mean time, know that FXDD is making no immediate changes to any platforms and that you will be fully advised prior to any proposed changes.

In the Frequently Asked Questions section on their website FXDD still say that:

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As we suggested it seems as though some forex brokers have complained to the NFA that they cannot implement the programming changes necessary in time for the original deadline of May 15th for the now notorious compliance rule 2-43(b).  In their new notice I-09-12 the NFA say that:

More on NFA Hedging Ban Delayed – Partly!

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US based forex brokers that offer the MetaTrader platform will have some work to do to comply with the latest regulations from the National Futures Association, which will be introduced on May 15th.  So will the developers and users of a lot of forex "robots".

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