I tweeted the news about CFTC is seeking public comment on proposed reduction of leverage to 10-to-1. In other words, 10:1 leverage would be the maximum amount allowed for all Forex traders in the U.S.
Since then, I have received few emails from retail brokers about their comments to this proposal. So far, Oanda, MB trading, [...]
So, we know NFA has been changing rules. Retail traders are complaining, moving away from U.S based brokers.
But, is the change really bad? Well, firstly, I am not trying to defence NFA. I am just thinking, should I really look for another European based, or Australian based broker?
I am not sure. The change of the [...]
This is not a breaking news, just a reminder to my readers since THE change is coming in around a month time. Official date given by NFA is 30th November 2009. CFTC approved NFA amendments to Section 12 of NFA rule book, which requires FDMs to collect a margin deposit of 1% of the notional [...]
Just how bad is Oanda’s tradig platform. I decided to cancel all short orders of EURGBP after watching the FXtrade platform behaved weirdly.
Look at the distance between the order price and the current price. They were around 100 pips away, but, it was showing as 1.1 pips? And I tried to switch tabs, it appeared [...]
I have been hearing some news about rising capital requirement for Forex brokers. Here we go. Well, how many small brokers will be eliminated by then? Well, in the non regulated market, this move is considered as an improvement to the retail Forex trading though.
From Fxstreet.com
NFA (National Futures Association) has received notice that the Commodity [...]
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