We note that this is a direct outcome of the SEC ban on broker-dealers also offering leveraged forex trading to retail clients , which broke first on LeapRate back in May of this year. The complete definition is located in Section 1a 18 of the Commodity Exchange Act. The letter sent to IB clients stated below with screenshot: This Notice also does not apply to margin trades for stocks denominated in foreign currency.
Those trades are not affected by this Notice. The following two tabs change content below. US clients will end up trading only futures and futures options — as it was in the old days before the retail fx bubble. Do not be angry or a jerk about things. That will probably not do you any good. Probably best to consider you are speaking to a police officer. I did not go that far here with the SEC, but I tried to be very polite and humble. It can go a long way! Screenshot of a breaking news alert e-mail from Q2 Please check your email to confirm your subscription.
We hate SPAM and promise to keep your email address safe. Latest research from Mike Fox see all. So much for the U. Send an e-mail to the SEC about this. Bitcoin Futures by the end of December 1, AMF warned of unauthorized companies proposing atypical investments without authorization December 1, Interactive Brokers to discontinue Forex margin trading for U.
Send to a friend Newsletter signup. Send this to a friend Your email Recipient email Send Cancel. Fill out the form below for more information for lising in LeapRate's Forex Yellow Pages Please enter the company name, email address to reach you and phone optional:.
Please fill out the message field to the right for any questions or special inquiry:.More...