Disliked{quote} I see what you mean now. What do you think the time frame could be for a similar capital requirement for retail forex trading? Do you think we have a few years of good retail forex trading before they start with these $25k type minimum deposits? Most people in this thread think they are safe by putting their money into an overseas FX broker but if they start to have 25K min deposits and therefore obviously the leverage would change as well, then that would follow suit across all countries (ASIC etc would eventually demand the same requirements...Ignored
At the end, they just don't want to give the little guy a chance. They want you to hand your money over to the mainstream wall street guys, the "professionals" to play with by investing in mutual funds despite numerous studies has shown that those "professionals" fare no better than animals like monkeys and cats or dart-throwing in those investment contests. And you see those "professional" traders from supposedly top investment firms like Goldman Sachs lose Millions and Billions of dollars trading http://www.reuters.com/article/us-go...9AK01C20131122 and yet they are allowed to play with other people's money, even raising money for Barack Obama. We trade with lot more stringent risk management and money management rules and we get banned with this and that, we can't do this and you have to be that to open an account, you have to reside in here to do that, blah blah blah, all bullshit.
When one thing good finally comes along, they have to ban it. When in fact some real crooks like Bernie Madoff comes along, they were useless; they allowed him to con $70 Billion and they still didn't even catch him, didn't even question him. It was his sons who voluntarily went to the Feds to confess that finally put Madoff in jail. Imagine if his sons hadn't gone to the Feds, Madoff would still be out today continuing his Ponzi scheme conning people. This is how competent SEC is and in the meanwhile all they know what to do is ban leveraged fx trading against the little guys who hasn't done anything wrong.
Make your losses in demo. Earn your profits live.