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What's different about Forex in the US?

by Jeffry

I've been reading about the different rules for Forex in the United States? From what I can tell, it seems like traders in the US get lower leverage and can only make certain trades. Is that right? Why is it different for people in the US?

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What's different about Forex in the US?

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Nov 22, 2011
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starstarstarstarstar 		Things are definitely different.
by: Anonymous

Hey Jeffry,

Thanks for your question. Things in the US changed back in 2010 when Congress decided to implement some new rules for traders.

One of the biggest things that changed was the amount of leverage that traders can use. Now traders who use US brokers can only trade with leverage of up to 50:1 on major pairs and up to 20:1 on minors.

Another restriction is that traders can't use hedging. This means that you can't have positions in opposite directions on the same currency pair.

They also require brokers to use FIFO or first in first out with trades. This means that you have to close your trades in the order that they are opened.

Somehow, this is supposed to help us all and keep us "safe" from the big bad Forex monsters out there that are going to get us. Hope this helps answer your question.

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