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More bad news for US retail forex traders – come July 15th spot metals trading will be banned
As CFTC did not implement rules by July 15th to provide oversight of spot gold and silver another result of the Dodd-Frank bill is that retail forex brokers (RFEDs) won’t be able to offer spot metals trading to retail clients. This is in an addition to foreign banks not being able to continue accepting US clients as well. One option that remains available for US forex traders is to trade Gold future bull spreads on NADEX. Gain Capital (forex.com) was the first to announce this over the weekend in an email sent to clients: Important Account Notice Re: Metals Trading We wanted to make you aware of some upcoming ... (full story)
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- Jun 21, 2011 3:54am Jun 21, 2011 3:54am
- AdrianHNV
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- intery
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No crystal ball. I read the cards.
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