What the heck is it ?

[havenoidea]

i just received that message from FXCM today. That is insane, do you (guys from other broker) recieved that message ?


Information


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A major new NFA rule goes into effect after July 31, 2009 which affects all US regulated Forex Dealer Members. Forex traders will no longer have the ability to place stop-loss or limit orders. Nor will traders be able to modify or close trades from the Open Positions Window. As these features will be removed, all stop-loss and limit orders held on FXCM LLC accounts at the close of trading on July 31, 2009 will be deleted.

For clients with Managed accounts, please consult with your money manager prior to taking any action. These changes may not affect your money managers trading strategy.

Self Traded Accounts: Visit Now to learn how these changes impact you, and how you can use a new OCO entry order feature to manage your risk going forward. Alternative account options that will allow you to keep your current platform functionality are also available.