As one of the most hectic months in the history of Forex draws to a close, LeapRate has decided to…
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Forex Weekly Look Back – Week of December 1st
Forex Weekly Look Back – Week of December 1st ORE | https://www.leaprate.com/C7n5u LCG | https://www.leaprate.com/phCTZ Sucden | https://www.leaprate.com/laJFQ Unitrader |…
Read MoreNFA CEO Dan Roth details regulatory position on credit card deposit ban
“Forex and futures markets are both high-risk and volatile, and individuals who wish to participate should use only risk capital to fund their accounts. Allowing customers to fund accounts with credit cards encourages them to trade with borrowed money.” – Dan Roth, President and CEO, NFA
Read MoreBreaking News: No more credit card deposits to FX firms in the US after January 2015
As of January 31, 2015, retail FX customers in the United States will no longer be able to fund their accounts by credit card as the NFA’s proposals have been accepted by the CFTC, with deposits by electronic methods such as Paypal also excluded.
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