CFTC's new rules - will foreign brokers accept US clients?
There's a heated debate across many websites whether the new rules mean that non-US brokers will be able to accept US clients or not.
It seems that the majority of people (check Francesc and Bart's websites) believe that foreign brokers will stop accepting US clients, even meaning that subsidiaries/Affiliates Affiliates Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Read this Term of US brokers themselves will not be able to accept US clients.
I however, have a different opinion as may be seen here in comments: https://www.financemagnates.comcftc-finalizes-forex-rules-leverage-reduced-to-150/#comments. I believe that what is going to happen is the same thing that happened to the US online gambling industry. Although it was banned from the US (for similar, reasons the retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term industry is under fire now) however continued prospering nonetheless.
First of all, for now, there is no rule that forbids foreign brokers from accepting clients. Secondly, even if it passes, there's almost no way that any regulatory agency will be able to effectively monitor or prevent this. Thirdly, many offshore brokers will just keep accepting US clients and there's nothing anybody can do to them, just like there are offshore online casinos who still accept these clients. They realize of course that this means that their execs won't be able to step on US soil and that if in the future the online gaming industry will be allowed to operate in the US again, they won't be able to participate. In the meanwhile they are racking up huge profits. There's a good chance that some of them will take simply because you can always settle these cases, just Google what some online gaming operators did in similar events...
For the sake of US customers I hope CFTC won't get involved in this and will actually let these traders choose where they wish to trade. I believe that the public in the US will know how to make wise decisions without Uncle Sam telling them what to do in every step.
There's a heated debate across many websites whether the new rules mean that non-US brokers will be able to accept US clients or not.
It seems that the majority of people (check Francesc and Bart's websites) believe that foreign brokers will stop accepting US clients, even meaning that subsidiaries/Affiliates Affiliates Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Read this Term of US brokers themselves will not be able to accept US clients.
I however, have a different opinion as may be seen here in comments: https://www.financemagnates.comcftc-finalizes-forex-rules-leverage-reduced-to-150/#comments. I believe that what is going to happen is the same thing that happened to the US online gambling industry. Although it was banned from the US (for similar, reasons the retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term industry is under fire now) however continued prospering nonetheless.
First of all, for now, there is no rule that forbids foreign brokers from accepting clients. Secondly, even if it passes, there's almost no way that any regulatory agency will be able to effectively monitor or prevent this. Thirdly, many offshore brokers will just keep accepting US clients and there's nothing anybody can do to them, just like there are offshore online casinos who still accept these clients. They realize of course that this means that their execs won't be able to step on US soil and that if in the future the online gaming industry will be allowed to operate in the US again, they won't be able to participate. In the meanwhile they are racking up huge profits. There's a good chance that some of them will take simply because you can always settle these cases, just Google what some online gaming operators did in similar events...
For the sake of US customers I hope CFTC won't get involved in this and will actually let these traders choose where they wish to trade. I believe that the public in the US will know how to make wise decisions without Uncle Sam telling them what to do in every step.