Usa constraints on leverage

rmr817

Recruit
Messages
2
Hello fellow traders,
I need some help with determining wheather i can use a broker who has a higher leverage outside the usa. Is there a law or legislation that prohibits me from doing business like at Hot forex, Forexoma, and others who offer better leveages? 50/1 is crap and i would need 18 accounts to trade making minimal ROI. Looking for some help here from the experts, can ya'll help? And yes i'm from Texas..lol. TYVM and Happy Trading!

rmr817
 
Last edited:

Pharaoh

Colonel
Messages
19,717
The CFTC has sued a bunch of offshore brokers to prevent them from accepting USA clients. I'm happy that they are going after offshore scam brokers, but am shocked that the law lets them go after ANY offshore broker that allows US residents to open accounts.

Read these for more info:

http://www.forexpeacearmy.com/forex-forum/forex-articles/13565-cftc-sues-14-forex-companies.html

http://www.forexpeacearmy.com/forex-forum/forex-articles/16987-cftc-sues-11-more-forex-companies.html

http://www.forexpeacearmy.com/forex-forum/forex-articles/18395-cftc-slaps-broker-because-dodd-frank-act-usa-nanny-state-rolls.html
 
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