Quote:
Originally Posted by ElectricSavant
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Yes it's OK. Also FXSol.uk, Alpari.uk. etc... But pay attention that on January 13 2010, the Commodity Futures Trading Commission (CFTC) proposed a set of rules governing the off-exchange retail forex brokers. The rules include change in minimum capital, record keeping, financial reporting, the amount of leverage allowed, among other operational standards.
The CFTC is considering limiting the leverage offered by forex brokers to retail customers at 10:1. Yes, 10 times leverage. Forex brokers currently extend leverage to their customers at ratios of between 25:1 to 400:1 or higher, depending on the currency pairs being traded and the size of their accounts.
Their reason for limiting forex leverage to 10 times is that “the extreme volatility of the foreign currency markets exposes retail customers to substantial risk.”
According to that I recommend you UK brokerage. Also, if IBFX is one of your favs it will be interesting for you to know that
IBFX.CO.UK is coming... 