1 post • Page 1 of 1
Finance Magnates has learned that US clients of forex brokerage Interactive Brokers have been contacted by email informing them that effective 1 September, 2016, only accounts held by Eligible Contract Participants (ECPs) may open leveraged forex positions.
Eligible Contract Participants
ECPs are generally individuals or organisations with assets of over $10m or $5m if trades are hedging.
Join the industry leaders at the Finance Magnates London Summit, 14-15 November, 2016. Register here!
The email explained that clients who are ECPs are required to complete a questionnaire in order to continue trading leveraged forex.
Those who do not qualify as an ECP after ... (read more)