[ji29]

I'm reading now that there's 50:1 leverage on all US brokers, and this is just getting ridiculous, what's next, 10:1 leverage? Anyway, all these overseas brokers, big banks, reputable institutions, and so on, are offering higher leverage, leverage I like, at least 100:1, so is it illegal to trade with these forex brokers despite their leverage terms? As a US client am I bound to trade with 50:1 leverage now no matter what thanks to this The Dodd-Frank bill?

[DickP]

Some say yes, some say no. Why don't you call the CFTC for some clarification, otherwise, this may be you:

[Toscani]

No its not illegal, it just a pain now, and less profitable

[MuadDib]

I wouldn't risk it at this point, what if your account is closed due to one stinking provision in Dodd-Frank, and your funds are seized and you are out everything. Is that better or worse than being forced to trade 50:1 leverage?

[tab]

You're not going to get arrested for trading with an overseas broker, are you crazy? They may not want to accept you, but you're not going to get hunted down, what dummy

[DickP]

Can't a guy poke a little fun at the situation? No one else does