Comment Text:
i0-001
COMMENT
CL-04957
From:
Sent:
To:
Subject:
Marco Majka
Thursday, February 4, 2010 9:25 AM
secretary
Regulation of Retail Forex
To whom it concerns,
I believe a 10:1 restriction on the FX currency pairs will be counterproductive. Have you considered that the only
ones who will benefit are overseas brokers who will offer more flexible leverage. While I as a trader believe 100:1
leverage is too much and would not leverage that much myself, however a margin of 50:1 is reasonable.
If this (19:1 margin) becomes reality I will, as will many, switch my account to an overseas firm until this plays out
completely.
Thanks for your attention,
Marco Majka
Trader
