Comment Text:
i0-001
COMMENT
CL-00541
From:
Sent:
To:
Subject:
Quentin Craven
Tuesday, January 19, 2010 12:53 PM
secretary
Regulation of retail forex.
I understand you are considering limiting leverage on retail forex
trading to 10:1 as opposed to the current 100:1.
I would like to comment that this imposes an unfair and unreasonable
constraint on those who, like me, trade forex for a living.
It is a bogus and unnecessary imposition on the individual's choice
to trade how they wish, and limits their potential gains severely.
I urge you to leave things as they stand; you are already loosing
huge numbers of traders to overseas accounts because of previous ill-
conceived rules (FIFO), and many more will follow if you pursue this
course of action. Or is it your wish to close all forex retail
accounts in your country?
Yours,
Quentin Craven,
Bristol,
UK.
