I just got an email from FXOpen saying the following:
Dear Client
On January 26, 2011, the Commodity Futures Trading Commission (“CFTC”) filed a Complaint against FXOpen Investments Inc. (“FXOpen”) in the United States District Court for the Northern District of Illinois (“District Court”). The Complaint alleges that FXOpen failed to register with the CFTC as a retail foreign exchange dealer prior to engaging in certain forex transactions, as is required by certain provisions of the Commodity Exchange Act and its Regulations.
FXOpen has consented to an Order of the District Court not to conduct such business regulated by the Commodity Exchange Act and its regulations, without properly registering with the CFTC.. This requires, among other things, that FXOpen liquidate your open positions and close your account.
Therefore, in 10 days (“Liquidation Date”), FXOpen will liquidate all open positions in your account at closing prices on the Liquidation Date as determined by FX Open’s current pricing platform, and immediately thereafter close your account, unless you liquidate your open positions and close your account prior to the Liquidation Date.https://mail.google.com/mail/images/cleardot.gif
For this reason I'm wondering if anyone knows of any brokers, especially those that offer MT4, that offer 100:1 leverage.
Dear Client
On January 26, 2011, the Commodity Futures Trading Commission (“CFTC”) filed a Complaint against FXOpen Investments Inc. (“FXOpen”) in the United States District Court for the Northern District of Illinois (“District Court”). The Complaint alleges that FXOpen failed to register with the CFTC as a retail foreign exchange dealer prior to engaging in certain forex transactions, as is required by certain provisions of the Commodity Exchange Act and its Regulations.
FXOpen has consented to an Order of the District Court not to conduct such business regulated by the Commodity Exchange Act and its regulations, without properly registering with the CFTC.. This requires, among other things, that FXOpen liquidate your open positions and close your account.
Therefore, in 10 days (“Liquidation Date”), FXOpen will liquidate all open positions in your account at closing prices on the Liquidation Date as determined by FX Open’s current pricing platform, and immediately thereafter close your account, unless you liquidate your open positions and close your account prior to the Liquidation Date.https://mail.google.com/mail/images/cleardot.gif
For this reason I'm wondering if anyone knows of any brokers, especially those that offer MT4, that offer 100:1 leverage.
peace and love