Regulating US forex brokers is one thing. But preventing traders from opening offshore accounts is already another thing. This is already significant “baby-sitting” and over “protection” opinion. Some brokers are already bringing clients back home. Will US traders be blocked from opening accounts with offshore brokers? The talk about the new CFTC rules created a lot of angry reactions. Here’s a more creative one – a hip hop song by R.S. featuring L~Reece. The musical production is serious and the words are quite funny. Thanks Francesc for the song. And now let’s get more serious.I believe that the 50:1 leverage that was finally ruled is a plausible compromise from the original 10:1 limit that would have created serious damage to the US forex industry. The industry is growing up. The worries come from the accompanying act – the Dodd-Frank act. It might force US traders to trade only with US brokers. Michael Greenberg reports that FXCM UK will be repatriating forex accounts of US citizens back to the US by October 18th – the day which the new CFTC rules take effect. Here’s a quote: All forex accounts for US residents trading overseas will be repatriated back to the US by October 18, 2010. For US residents with FXCM UK, the switch back to FXCM US will most likely occur the weekend of October 15. The switch will occur over the weekend so that there is no disruption to your trading. The existing username and password you use to login to your account will also remain the same. US residents will receive information very early next week by email confirming the timeline. Well, FXCM is a big and serious broker that complies to US rules. You may think that traders might just open accounts with offshore companies. It’s still uncertain if this option will remain in the near future, as foreign forex brokers might be blocked – if they get the same credit card classification as online gambling sites, trading with offshore brokers will be quite impossible for US clients. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Basics & IndustryForex IndustryOpinions share Read Next EUR/USD Broke Above Significant Barrier on US Weakness Yohay Elam 12 years Regulating US forex brokers is one thing. But preventing traders from opening offshore accounts is already another thing. This is already significant "baby-sitting" and over "protection" opinion. Some brokers are already bringing clients back home. Will US traders be blocked from opening accounts with offshore brokers? The talk about the new CFTC rules created a lot of angry reactions. Here's a more creative one - a hip hop song by R.S. featuring L~Reece. The musical production is serious and the words are quite funny. Thanks Francesc for the song. And now let's get more serious.I believe that the 50:1 leverage… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.