Hi levi8489

fx is regulated in the US by the CFTC - Commodities Futures Trading Commission — emphasis futures

futures trading can go into 'overloss', a loss greater than the required trading margin, greater even
than the account margin

the major difference with fx trading is that overloss cannot occur
there's no central fx exchange, one's actually betting the fx bookmaker's 'exchange'/software and
the fx broker will close a client's trades if they lose X amount — check with the broker but usually:
'if the equity in your account drops below the 'margin required to maintain your open positions',
'the broker' may close all open positions.'

so while it's necessary to determine the financial worth of a potential futures trader to repay trading
losses, particulary overloss, such regulations are unnecessary for fx traders

lie — nobody is going to credit-check you

.