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Forex.com Applies New Margin Requirements One Week Earlier Too

Posted on November 2, 2009 at 12:32 in Forex, NFA new requirements by Francesc

Hi everyone

Forex.com (Gain Capital) announced on Friday the implementation of the new NFA requirements one week earlier as FXCM did last week.

Francesc

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Effective Monday, November 30, 2009, a new NFA compliance rule will go into effect for US regulated firms. This rule will require a minimum 1% margin requirement for the major currencies, capping the available leverage at 100:1. The new margin requirement for all other currencies will be 4% or 25:1 leverage.

In anticipation of this rule change, we will be changing the margin settings for all customers’ accounts on Monday, November 23, 2009 at 5 pm ET.

We will be emailing customers over the next few days notifying them of this change. Customers that wish to continue to utilize 200:1 leverage, may transfer their to FOREX.com UK.

Should you have any questions, or if you are unsure of how this change will impact your GAIN Capital account, please contact Alexia Iatridis at 1.908.212.3909, or at aiatridis@gaincapital.com or you can speak to your Relationship Manager.

Tags: Forex, NFA new requirements

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