Francesc’s Weblog » FXDC - CFTC Proposed 10% Margin Rule Will Make Forex Fraud Worse Than Ever In The U.S

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FXDC - CFTC Proposed 10% Margin Rule Will Make Forex Fraud Worse Than Ever In The U.S

Posted on February 2, 2010 at 9:04 in Forex, NFA new requirements by Francesc

Hi everyone

The recent constituted lobby against the CFTC proposal to fight against fraud and malpractices in the Retail Forex Industry - the Foreign Exchange Dealers Coalition or FXDC - has just released a very interesting statement regarding the 10% margin rule.

The margin rule which would require customers post a 10% margin deposit in place of the current 1% margin rule recently adopted by the primary regulator of retail forex over the past ten years, the National Futures Association (NFA).

The FXDC consider that the 10% margin rule will make forex fraud worse than it has ever been in the United States.

Read the full statement and as always I welcome here your opinions:

Fighting Fraud in the United States Retail Forex Industry

Francesc

Tags: CFTC, Foreign Exchange Dealers Coalition, Forex Fraud, FXDC, Margin rule, Retail Forex

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