Comment Text:
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COMMENT
CL-03714
From:
Sent:
To:
Subject:
Robert Bahrani
Monday, January 25, 2010 7:01 AM
secretary
Planned Regulation of Retail Forex.
Dear Sirs,
Reading the planned regulation of the retail forex market was both welcoming and alarming. I, as a recent retail
forex trader, welcome some of the proposed measures e.g the registration of Brokers, IB and others as a step
forward in removing the rogue elements out there from this market place. But I am alarmed at the proposal to limit
the leverage to something 1:10. Though perhaps some curent offerings of 1:500 are indeed crazy, your proposal
of 1:10 (or there abouts) appears as a knee jerk reaction in the total opposite direction.
Personally, I would suggest a maximum of 1:200 but I appreciate there are others out there who would prefer
none. Perhaps a staged limit i.e. any new account with a registered broker gets their leverage increased by x50
for each month until they hit the limit of 1:200.
I'm sure you are receiving ample feedback on this issue and I would like to add my voice to the list.
Kind Regards
Robert Bahrani
UK
