Comment Text:
i0-001
COMMENT
CL-04733
From:
Sent:
To:
Subject:
john day
Monday, February 1, 2010 2:22 PM
secretary < secretary@ C FTC. g ov >
"Regulation of Retail Forex"
I am very disappointed to see this proposed ruling. I picked my broker mbt trading. Because it
was very conseritive compared to other brokers out there. Who i felt had margin levels way out of
line @ 400 to 1 . Which ifeltwould hurt people in the long run. Mbt @thattime had the option of
200 to 1or 100 to 1. I choose to open my account with 100 to 1 margin level.
I feel that the
proposed new
rule. IS nothing more than trying to get the
retail trader out of
the equation.
Instead it favors the major players and banks.
There by will force many retail traders out of the forex market. And in the long run will hurt the
forex market as a whole. I feel that the 100 to 1 margin level is fine just where it is. That if new
rules where to suggested . I would suggest that new margin level of 100 ,75,50 be put in place by
all brokers. So that there is a choice.
Because in the long run. It is up to the
person opening the account and how they feel about their risk level
sincerely john day
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