Comment Text:
i0-001
COMMENT
CL-07447
From:
Sent:
To:
Cc:
Subject:
Paul Toth
Sunday, March 14, 2010 7:55 AM
secretary
[email protected]
Regulation of Retail Forex
Dear regulators,
This is a real no-brainer. If the proposed laws come in, I simply wouldn't use any US company that had to abide by
them, and would close my existing US accounts in favour of companies that did not have to comply with these rules.
Kind regards,
Paul Toth
Sydney, Australia.
An example of how the proposed regulatory restrictions would affect a major currency pair appears below:
Maximum Leverage
under
Current
Regulations
USD/JPY
1 lot (100,000)
100:1 leverage (one percent)
Margin requirement: $1,000
Maximum Leverage
under
Proposed
Regulations
USD/JPY
1 lot (100,000)
10:1 leverage (10
percent)
Margin requirement: $10,000
