Will The 10:1 Leverage Proposal Pass?

Will the 10:1 Leverage Proposal Pass?

  • Yes

    Votes: 21 52.5%

  • No

    Votes: 19 47.5%
  • Total voters
    40
  • Poll closed .
Quote from dewton:
US firms can just withdraw from the NFA... i don't believe they are required to be NFA regulated at all.
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but clients and potential customers expect the brokers to be at least registered with some national regulatory body before they (clients) deposit funds with the brokers. traders and investors love to see:
"BigRetailFX, LLC. is a registered Futures Commission Merchant (FCM), registered with the Commodity Futures Trading Commission (CFTC) and NFA member (0999999), and maintains the required regulatory capital currently US$20 million."
 
Quote from bstay:

http://seekingalpha.com/article/183525-cftc-reform-and-the-death-of-retail-forex
(author's reply to his inaccuracies:
http://market-ticker.org/archives/1882-More-On-Forex-Trading-and-Brokerages.html)
i thought this was a good article discussing the 10:1 ruling proposal and getting retail liquidity to consider moving to the regulated "/6x" futures contracts. more articles like this will appear and douse the feeble objections.
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What a terribly misinformed douche.

"on a position held open the spread is charged again and again as a rollover fee"

" If you short the Euro/USD cross, for example, and expect a 100 pip (one cent) move on your trade, you might pay three pips of spread to enter and another three to exit, for a total "vig" of six pips. That's a 6% commission!"

Can you believe this guy received the 2008 Reed Irvine Accuracy In Media Award? Hilarious.
 
Hey guys send this letter to make known your disapproval of the new 10-1 leverage rule.
____________________________________________
To whom it may concern,

I am a retail trader and I am strongly opposed to the 10:1 leverage proposal by the CFTC. This regulation/requirement will drive many of the "smaller guys" out of the markets entirely or to offshore (ie unregulated) brokers.

The liquidity provided by retail traders increase the efficiency of the markets. Removing them, or unfairly pricing them out of the markets will result in increased price volatility overall and decrease the efficiency of the markets which is bad for everyone.

Please reconsider this proposal.

Thank you

Sign Your Name Here

----------------------------------------------------------------------

Send it via email to : secretary@cftc.gov
Use the subject line: Regulation of Retail Forex
 
Look at the picture below it was taken off the comments from the forex leverage proposal. It is a comment from Senator Orin Hatch from Utah. Interesting that a senator gets in the mix, but for some reason I cannot see what the comment was, has anyone had better luck seeing the comment and what it was about?
 

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Quote from rsikit:

Look at the picture below it was taken off the comments from the forex leverage proposal. It is a comment from Senator Orin Hatch from Utah. Interesting that a senator gets in the mix, but for some reason I cannot see what the comment was, has anyone had better luck seeing the comment and what it was about?
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Wow, I didn't see that.

Here's the direct link to the letter: http://www.cftc.gov/ucm/groups/public/@lrfederalregister/documents/frcomment/10-001c172.pdf
 
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