Comment for Proposed Rule 75 FR 3281
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From:
Alexander B
Organization(s):
Comment No:
2032
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-02032
From:
Sent:
To:
Subject:
Alexander B
Thursday, January 21, 2010 5:41 PM
secretary
Regulation of Retail Forex
Hello.
I am a customer of Oanda company. I trade forex for a living, my account is not very big because i can't
allow myself now a bigger one. but its size is enough to trade with current 50:1 leverage my broker
provides and earn some moderate money. If CFTC 10:1 proposal will be approved - there's 90-95%
possibility that i won't be able to trade anymore in new conditions.
As forex trading is my major income source i'm not going to stop doing it, but definatelly will have to
change my broker to one of non-US, which i very don't want to happen! i'm very satisfied with Oanda,
but decreasing leverage to 10:1 will make Oanda or any US broker unacceptable to me :(
So i hope strongly, that even if CFTC will decide to decrease maximum leverage, it will be not lower
than 50:1.
Thanks for your attention. Good Bye.
