DislikedNo u dont need 10 times your funds with the broker u only need 10 times the deposit margin , unless you was trading ALL-IN and u use your whole balance as a margin = means u r not profitableIgnored
Bottom line, if this bill passes it will be the death warrant for US OTC Forex brokers. I am already in the process of opening a foreign account with a different broker. Still keeping my US account open but with a minimal amount of money.
Also if this bill passes it will put thousands on the unemployment line and will cause a few businesses to go bankrupt. This is not an intelligent bill at all. Yes I have written the CFTC and am writing my representatives tomorrow.