China asks banks to stop FX margin trading

Anyone know any more about this?

China is pretty strict about allowing it's citizens to trade. That's all I know.

it just stop bank from "official offer fx margin trading" and just stop open a new account.

there are 4 bank offering forex leverage around 10~50, spread vaaaary. not recomended for sclaping. unless the one of the bank "officialy", the other 3 just under "experimental", so any professional trader can joint this experiment.

forex is NOT illegal in china, it been run in early stage around 80.
because unexperiance in everything make thing chaos, its not allowed by SAFE [the is no law to forbid the forex]

in today world there is no way to stop china bank to joint the forex

been suspent because we got what intel say "the sleper have been awaken" inside. sleper [noise maker A.K.A joker] can deley, but can not stop it.

Thanks guys,

Yeah bt, in the news headline (didn't have any further news on it) it mentioned very briefly that it was connected to risk.

Seems to be a few countries trying some wierd things. The other day Germany wanted to stop speculators from trading Crude Oil, amazing what governments are trying to do.

Thanks once again. Have a great week.

Margin FX "gambling" banned in China
http://www.forexfactory.com/news.php?do=news&id=91644

3 of them close the margin forex SPOT, other than a0, biz as usual.