Credit: The war on US retail forex trading continues
It's about to get even tougher to find a forex broker for Americans.
Interactive Brokers is leaving the US retail forex market on September 1. Various clients report receiving a message saying that only US-based clients with $10 million or more will be eligible to make leverage forex trades. All others will be restricted to unleveraged forex trading.
To be clear, the message only affects Americans trading with Interactive Brokers, not Interactive Brokers clients from other countries.
The retail landscape for US traders has been decimated in the past few years as regulators cracked down and increased regulation.
If you're looking for a broker, check out our forex broker listing .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
