Comment Text:
i0-001
COMMENT
CL-02697
From:
Sent:
To:
Subject:
veronica harrison
Friday, January 22, 2010 12:37 PM
secretary
public comment on proposed regulations concerning retail Forex trading
Hello
This has come to my attention:-
Futures Trading Commission
(CFTC) announced on January 13, 2010 that it is seekingpubfic comment on
proposed regulations concerning retail Forex trading.
As part of the proposed regulations, it is stated." "leverage in retail forex
customer accounts wouM be subject to a l O-to-1 fimitation, "which means 10:1
leverage wouM be the maximum amount allowed for all Forex traders in the U.S.
Now I'm based in the UK so this won't directly affect me immediately. But where the US leads,
the rest follow.
This will mean that to trade a single standard lot of $100,000 you will need $10,000 in your
account. Currently it can be as little as $200!
How does this "help" us retail traders??
This would take out a lot of small traders out of the market -- is this your intention??
Regards
Veronica Harrison
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