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Comment for Proposed Rule 75 FR 3281

  • From: Lior Finkler
    Organization(s):

    Comment No: 700
    Date: 1/19/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00700
    From:
    Sent:
    To:
    Subject:
    Lior Finkler
    Tuesday, January 19, 2010 4:21 PM
    secretary
    Regulation of Retail Forex
    Hello,
    Trading currency with 1-10 leverage is impossible.
    Currencies movement are quite solid. It moves around 1%-2% per day which is more solid
    than US stocks like Microsoft.
    People will be able to trade Forex with 1-100 leverage but not with 1-10.
    Even prime brokers offer 1-33 / 1-50.
    I think retail Forex should be able to offer 1-100 leverage up to $50,000 balance
    Regards,
    Lior Finkler - General
    Manager
    Supertrade
    7 Jobotinsky St. Ramat-Gan 52520 Israel.
    Tel: +972-3-5224848
    I
    Fax: +972-3-5224849
    www.su pertrade.co, il