In the light of the recent regulatory actions by CFTC (mandatory FIFO order processing and the leverage limit of 1:50 for the major currency pairs), I’ve decided to find out the traders’ opinion on the whole situation with the regulation in the market. From one point of view, it’s very important to have some authority in the market to prevent scams, warn newbies and protect customers. But from the other point of view, restricting regulatory actions limit competition and prevent normal development of the industry. And what’s your opinion on the current situation with the regulation of the retail foreign exchange trading?
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