Forex leverage down to 50:1

ppteam

The CFTC has finally come through with its new rules on retail foreign exchange, which come into effect on October 18th, 2010 (Q&A about the new rules can be found here). Despite fears to the contrary, the CFTC will not  be cutting permissible leverage in retail forex trading down to 10:1. The people have been heard! There was so much contrary opinion against that move from traders and brokers that the regulators were forced to rethink the plan.

That said, the CFTC will, however, be restricting leverage to no more than 50:1 (2% margin requirement) on the major currencies (5% on regional currencies). This is basically taking the NFA restriction put in place last year for 100:1 max leverage and tightening it up. I’m sure that’s going to have some folks up in arms, but the reality is that most of your better traders never go much beyond 10:1 actual leverage. Further, one of the biggest forex brokers out there, Oanda, has never permitted more than 50:1 leverage.

ppteam

will they increase currency future margin as well?

SAR

thanks, ppteam!!!回复 1# ppteam

西安

Thanks, ppteam.
May plan to open a Forex account, no sure if anybody here has any broker to recommend.

ilvmm

thank you

MeiTouNao

too complicate for little baby frog

itsme