Additional increases in required minimum security deposit for forex transactions

"NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the derivatives markets." - on NFA documents

"Innovative" means suppressive of competition.
"...that safeguard the integrity of the derivatives markets..." means that protects and furthers the Robber Banks ability to steal, by forcing other markets into oblivion and those traders back to the den of inequity of the "Thieves of Wall Street".

What can you say about the NFA?

Well, they are liars for one thing. They do not look out for the protection of retail traders, but for the profits of the big Robber Banks, that will be furthered if the NFA can discourage retail traders against spot forex trading and encourage them to go back to the "Thieves of Wall Street" and trade currency futures (with margins of 200:1 for those with enough money to qualify? The NFA speaks with forked tongue!).

I am not a radical, but sometimes out of frustration over the corrupt power of the super-rich behind Wall Street/Bank Street I almost find myself wondering if someone, sometime is going to get so frustrated that they overtly go after some of the individuals involved.

I do not wish anyone harm, but absolute power corrupts absolutely. And these banks with the false Regulators in their pockets and republican politicians - either colluding or stupid - in their pockets, they have it.

What is going to come? I can imagine that a whole lot of USA spot forex traders are going to go offshore. There is no law against doing so. And should the NFA, or anyone for that matter, propose such a law it will stand out - even to idiots - as an alarming usurption of fundamental rights of USA citizens. If USA corporations can go offshore, if Mitt Romney & Co. can close down a USA business, lose workers their jobs and send them home to lose their houses - all for the sake of profits to be made offshore for the 1% super-rich, so can retail spot forex traders do business offshore.

You should be speechless, having so little command of the facts.

For one thing, the NFA was even before the SNB event rattling their swords about reducing margins for retail traders. And it has nothing to do with retail traders being over leveraged. The leverage retail spot forex traders have is less than the NFA allows for currency futures traders! This is about the NFA serving higher masters who wish for the spot forex business to not continue.

For another thing, since the NFA was empowered over the spot forex market all it has done has been to mandate restrictions on retail spot forex traders that increased the difficulty of trading profitably (immediately reduced margins, no hedging, FIFO).

You really ought to be silent until you learn the facts.

sadly, the only ones to blame for this unprecedented margins hike from NFA, and from all brokers regulated by them, are the retail traders that was overleveragely long on eurchf.
Regulators (like NFA) always knew that 95% of retails stupidly lose all their money on a consistent basis, but they thought "it's their choice, we are fine with that".
Now that the stupidity of retail traders have seriously damaged many companies (fx brokers), the NFA had to intervene hiking the margins.

The sad thing of course is that because of the stupidity of a few, many are paying now.

I'm speechless.

My apologies, i see now that nfa is the usa regulators!
I did confused it with the FCA/FSA (the england regulators), oh..
Nice to see that the whole world isn't going crazy then, that was what i was speechless about.

Oh the NFA (the usa regulators) well i've a great compassion for usa fx retail traders, i mean the 50x leverage cap (that now however is being adopted also from some oversea brokers), the FIFO rule total crap, the anti-hedge rule i actually think is a good one, as too many retail traders simply fail to understand the basic concepts of being net long or net short in a market.

Anyway.. long live the leverage, long live freedom!

What is going to come? I can imagine that a whole lot of USA spot forex traders are going to go offshore. There is no law against doing so. And should the NFA, or anyone for that matter, propose such a law it will stand out - even to idiots - as an alarming usurption of fundamental rights of USA citizens. If USA corporations can go offshore, if Mitt Romney & Co. can close down a USA business, lose workers their jobs and send them home to lose their houses - all for the sake of profits to be made offshore for the 1% super-rich, so can retail spot forex traders do business offshore.

NFA has taken care of US citizens going offshore too. CFTC, to protect their friends at NFA, have already gone to just about all the countries and forced their brokers not to accept US citizens. Australia has a few good brokers but now they do not accept US citizens. You can not go to UK because brokers there also do not accept US citizens. Finland had a very good broker who were accepting US clients for years but they had also to give up. As of 1/30/2015 they closing accounts of all US clients. Most probably they told Finland that if you want us to protect Finland against Russia, you can not accept US fx clients. I can not believe the power they have accumulated. I am sure they are donating generously to politicians.

And we are supposed to be the capitalist country. NFA and CFTC can not stop US citizens so they are going on the other side and get them to do no business with US clients.

SNB fiasco definitely gave the NFA a green light to flex their muscle. I am a fan of regulation, to protect investors, if a manager is working the money for a client.

I will state that there are plenty of retail investors who fully understand the dynamics of leverage, the benefits and risks, and make the choice to utilize high leverage with eyes wide open. The NFA, imho, does not have a place attempting to limit these individuals. It is their own money, and their trade decisions.

Going offshore is very difficult because it would have to be unregulated, in perhaps Russia or Ukraine. Not very safe for any amount of capital except just playing around, & I have no interest in that.

Yes, I agree that the U.S. regulators are out of control as far as retail traders are concerned, pretty much like an over active immune system that is actually attacking the good cells in the body in order to "protect" it. I wish that I could get citizenship in another country for the sake of regulation, but this is not easy or inexpensive in this age of over population.

And at 71 years old I cannot necessarily accommodate a lengthy residency requirement often required to become a resident, then another to become a citizen. Of course, big money can accelerate the process, by I'm only a poor thousandaire. ;^)

Dominica ($100K+ for citizenship) & Nevis St. Kitts ($400k+ for citizenship) are two of the cheapest & easiest legitimate choices, but obviously not cheap. The U.S. has recently raised the fee for giving up U.S. citizenship from $400 to over $1K. Not a country that I can support as far as trading goes, though there are many good people here. Unfortunately, they are not very active politically. ;^)