Comment Text:
i0-001
COMMENT
CL-07811
Froln:
Sent:
To:
Subject:
terfa waya
Tuesday, March 16, 2010 11:42 AM
secretary
Regulation of retail forex RIN 3038-AC61
Dear sir,
1 totally object to your proposed decision to further cut down the leverage to a 10:1 ratio. Retail forex
should be affordable to every one, especially the low- income group. And mind you leverage is what
differentiates FX from the other markets. If i understand you correctly, i would need a $10,000 (N1.5M)
margin to hold a position, opps! Thats a chunk of money for the average trader.Remember leverage is
what makes FX attractive. But if you insist on your proposition, you should also change the name from
RETAIL
Forex to
WHOLESALE
Forex.
Thank you
Best Regards
Tom Waya
