Here is what FXCM thought about leverage not too long ago - http://www.dailyfx.com/forex_forum/f...tml#post576853
Specifically - "FXCM’s experience in Hong Kong, where significantly lower leverage levels are mandated by law, suggests lower leverage results in more successful trading. As another example, many professional traders use up to 8:1 leverage and typically much less. The reason to use low leverage is to make sure that that a losing position does not make a significant negative impact on the overall account."
So what now? You think using large leverage is bad for traders, so you unilaterally force everyone to use 400:1 leverage - a full 50 times what you think professionals should be using, and take away our ability to dial it back?
What's stopping you from taking away what you have left of a negative balance protection? How can we even trust a broker who in their own words are acting against it's client's interest?
Specifically - "FXCM’s experience in Hong Kong, where significantly lower leverage levels are mandated by law, suggests lower leverage results in more successful trading. As another example, many professional traders use up to 8:1 leverage and typically much less. The reason to use low leverage is to make sure that that a losing position does not make a significant negative impact on the overall account."
So what now? You think using large leverage is bad for traders, so you unilaterally force everyone to use 400:1 leverage - a full 50 times what you think professionals should be using, and take away our ability to dial it back?
What's stopping you from taking away what you have left of a negative balance protection? How can we even trust a broker who in their own words are acting against it's client's interest?