CFTC - Stop Leverage Change
We, the undersigned, call on the CFTC (Commodity Futures Trading Commission) to reassess the proposed maximum allowed leverage put forward with RIN 3038-AC61. We traders, Forex professionals and peopl... continue reading »
"keep it at 100:1, or I will need to go out of U S Many jobs will be lost if it goes through. Good education is the key. Every forex trader looses money at first. I have been practicing for 2 years and finally live trade in near future. If this goes throug"
"why? why? why?....i understand cutting it from 400 or 300 even BUT 100?????????????????????????"
"I dont think killing jobs and incomes for tax paying citizens is is what President Obama or our other elected officials in Washington DC had in mine."
"There is no need to protect traders from themselves. 10:1 leverage will kill retail forex trading. With 100:1, traders with modest accounts around $10k can and do make steady income."
"this rule does not protect the retail investor from any sort of fraud."
"10:1 doesn't make any sense. More Traders will move their funds out of this country and it will be harder for the US government to collect and monitor taxes. It's a no win situation for the American People if 10:1 leverage happens. The government has no r"
"100:1 = industry standard ... 10:1 = death of another US industry ... this creates a problem for the US, it doesn't solve one."
"this will push all brokerages offshore if implemented"
"no 10:1 please!"
"100:1 is reasonable. 10:1 isn't."
"This new rule is counter-productive and is of no value."
