NFA prohibiting forex brokers from accepting credit cards

i havent traded with mb trading for a few years now i got this email today

This notice is with regard to a change in credit card transactions for your forex accounts at MB Trading FX. NFA, the regulatory organization governing Forex

Dealer Members, is prohibiting firms from accepting credit cards to fund their futures and forex accounts after January 31, 2015.
After January 23, 2015, MB Trading FX will only permit funds to be deposited from a customer's bank account by using ACH transfer, wire transfer, or check

deposits. Any requests to withdraw funds that were initially drawn from credit cards can be credited back to the original credit card used until May 29, 2015. and any requests received after May 29, 2015 can be issued via ACH, Wire transfer, or Check.

If you have any questions, please feel free to contact us.

so brokers just gave up and there not even taken bank debit cards

forex market won't be the same in 2016 for u.s. traders http://www.forexfactory.com/showthre...82#post7985182

I also received the same e-mail. It's already hard for US traders to get anywhere. And it seems like it's just becoming more and more restricted every year. :/

Hi PT,

While I can't speak for other brokers, FXCM US clients can continue to deposit funds by debit card: http://bit.ly/17IpwSw

That's if fxcm is still around with a rumored 225 million lost from clients. Last time I looked at a forexmagnet article on reserved funds for brokers, fxcm won't be able to cover the loss. Not 100% certain but pretty sure.

Not a rumor. Confirmed fact from this SNB event:

http://www.bloomberg.com/news/2015-0...iss-shock.html

Really stunned myself.