yeah it is confusing and i thought that at first as well. but it is not the case Dukascopy is good to go, and they have no plans on reducing the leverage, as far as i know
@ moarla The TradersChoiceFX claim is that US traders will have to trade with US brokers. Not that non-US brokers will be changing leverage. But I'm glad to hear that it is most likely bogus. @ TheMan Probably just an unscrupulous FUD tactic by TradersChoiceFX to go with them as an IB. I'm just waiting for confirmation from my Dukascopy representative.
I was at FX solutions UK and got an email from them saying if I didn't move my account to FX solutions US they would automatically close my account on Octorber 15th. So I transferred my account over and now I can only get 50:1 leverage, which is OK, I guess, but I still don't like this new law.. Anyone know of any brokers that will accept American traders and if so is this legal to be a US citizen and trade with a broker not regulated by US?
The new official leverage for the major pairs( GBPUSD, EURUSD, USDJPY, USDCAD) is 50:1 Its 20:1 for the rest of the other pairs These new leverage laws took effect yesterday for ALL brokers based here in the U.S.