Comment for Proposed Rule 75 FR 3281
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From:
Geoff Fuller
Organization(s):
Comment No:
2481
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02481
From:
Sent:
To:
Subject:
Fuller, Geoff
Friday, January 22, 2010 7:01 AM
secretary
Regulation of retail forex
Dear Sirs
I currently use MB Trading in the US for forex trading in particular because of the spreads that they provide and
the abvility to interact via there own software APIs, enabling me to 'black box' trade. This is no t something as a
non professional trader I can do with any broker in the UK.
With regard to the above additional ruling of reducing leverage to 1:10 from 1:100 I would find that the margin
requirements with my limited cash funds that trading would no longer be feasible.
Is it not down to the individual trader how much risk he is prepared to take and how much he is prepared to lose ?
How can doing this prove to be beneficial to anyone ?
Surely this is not the way to go and will certainly leave, as normal, the 'BIG BOYS' in total control .....
Yours Sincerely
Geoff Fuller
