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Usa constraints on leverage

Discussion in 'General Forex Talk' started by rmr817, Feb 28, 2012.

  1. rmr817

    rmr817 Recruit

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    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
     
    #1 rmr817, Feb 28, 2012
    Last edited: Feb 28, 2012
  2. Pharaoh

    Pharaoh Colonel

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    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.../16987-cftc-sues-11-more-forex-companies.html

    http://www.forexpeacearmy.com/forex...use-dodd-frank-act-usa-nanny-state-rolls.html
     

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