New CFTC regulations affect US client ~ basics of forex trading+ppt
Dear Trader,
As you know, the CFTC has issued new regulations that are scheduled to take effect on Oct. 18. As of that date, U.S. traders will be limited to 50:1 leverage. This is in addition to the "no hedging" and FIFO restrictions already in place. For those U.S. traders who are trading with brokers in the UK, such as Forex.com (UK) and FXCM (UK), the CFTC is forcing the brokers to move your accounts back to the U.S. as of Oct. 18, so that you will be subject to the new regulations.
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