Forex Crunch » FXDC

Fight Against 10:1 Leverage Limit Has Results – Keep it up!

Yohay — Thu, 04 Mar 2010 09:09:45 +0000

Some American Congressmen are dissatisfied with the CFTC’s proposed leverage limit of 1:10 in forex trading. This is a result of pressure that came from the public and forex dealers. The fight for the US forex industry is still on. Here’s an update.

The CFTC wants to limit leverage to “protect the public”. That’s what CFTC Chairman Gary Gensler claimed in front of a House Committee. Well, this stance was met with angry congressmen. Collin Peterson:

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1:10 Leverage Regulation – Updates Jan 31

Yohay — Sun, 31 Jan 2010 17:05:58 +0000

The proposed regulation of 1:10 leverage in forex is continuing to move the forex industry. 10 US forex brokers are united against this proposal and more new sites are out there. But not everybody is against it…

The Forex Dealers Coalition (FXDC) has a new official website which explains the cause and calls for action. This simple and straightforward site is now backed by 10 brokers: Alpari US, CMS Forex, FX Solutions, FXCM, FXDD, GFT, Gain Capital, IBFX, Oanda, and PFG Best.

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1:10 Leverage Limit? Keep Up the Fight

Yohay — Mon, 18 Jan 2010 21:46:49 +0000

The debate over the CFTC 1:10 leverage proposal is hot. While some say it’s all over for the US forex industry, others think that this draconian proposal won’t be realized. I say – keep those letters coming. Here are some interesting thoughts. What do you think?

Michael Greenberg continues to bury the American forex industry. Apart from the 1:10 leverage which he thinks is already decided, Michael took the time to dive into all the 193 pages of regulation and sees more trouble for the American industry.

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Act Against the CFTC 1:10 Leverage Proposal

Yohay — Fri, 15 Jan 2010 13:22:53 +0000

The absurd proposal by the CFTC to limit leverage in forex to 1:10 is causing anger. Here’s how you act to stop it!

The CFTC is beginning to regulate American forex trading. In their initial proposal, there’s an idea to limit leverage to 1:10. High leverage is one of the key characteristics of forex trading. If this proposal is implemented, it will practically kill the American forex industry, as traders will move their business elsewhere.

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