Quote:
Originally Posted by TalonD
so they think they know my business better than I do. And I suppose they want to hold my hand crossing the street too. I'm still new at this and don't know everything that's going on. But I like calling my own shots and controlling my own destiny and don't like being dictated to. But we all have to live within the rules so we must adapt.
Good luck to us all...
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Hey, Talon
You have another option. You can take your forex business off-shore --- to the U.K., Switzerland, or even Australia.
FXCM (in New York) is encouraging their U.S. clients to move their accounts to FXCM in London, to get away from these stupid restrictions.
The U.K. has very good customer protection laws through the Financial Services Authority, which regulates U.K. forex brokers,
and other financial entities.
The NFA and the CFTC in this country have no say over the foreign accounts of U.S. citizens, whether they reside in the U.S.,
or not.
Something to consider. I am seriously considering it.
Clint