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Comment for Proposed Rule 75 FR 3281

  • From: Marcin Pycko
    Organization(s):

    Comment No: 38
    Date: 1/14/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00038
    From:
    Sent:
    To:
    Subject:
    [email protected] on behalf of
    Marcin Pycko
    Thursday, January 14, 2010 9:00 PM
    secretary
    Regulation of Retail Forex
    Hello,
    I as a trader am against the lowering leverage to 10:1. Already 100:1
    is causing many traders - including myself - to have to
    keep twice as much deposit in the brokers bank account.
    I also think you should amend the 100:1 rule to allow 200:1 up to $25k
    deposit and 400:1 up to $5k deposit
    like some brokers did. Further limiting the leverage (which is not
    really needed for brokers nor retail traders protection)
    is really unnecessary.
    best regards
    Marcin Pycko
    Madison, AL
    USA