FXDD recently announce that they have increase their max leverage to 1:200.
I guess FXDD found a way to around NFA rules. If not they would not have allowed hedging and changing their leverage to 1:200.
FXDD has lost a lot of customers I believe because of NFA rules and they have worked around these so call 'customer losing' rules. I guess now they are trying to promote it once again with this contest using their work around rules.
The whole NFA 'rule' story is pathetic. There is not one SINGLE trader that likes or agrees with the no hedging and limit on hedging rules. A great number sent E-mails OFFICIALLY opposing the NFA 'rules' (They are not rules, they are guidelines and have no legal standing as ratified law) yet NFA overides the general consensus for our 'safety'
When our opinion means absolutely zero, we know we are living in a Fascist State.
The way FXDD got around the NFA joke is through FXDD Malta.
Just as FXCM got around it by FXCM London, just as (in the end) all brokers will end up sending their taxes to other countries. Then when US finally wake up and try to call them all back it will be too late.
When the water is poisoned, only those that develop imunity to the poison can continue drinking it. The rest find another well.
"Whatever you focus your attention on, your consciousness becomes." - Lex Lungold.