NFA prohibiting forex brokers from accepting credit cards
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Thread: NFA prohibiting forex brokers from accepting credit cards

  1. #1
    I havent exchanged with mb trading for a few years now I got this email today

    This notice is with respect to a change in credit card transactions for your forex accounts in MB Trading FX. NFA, the regulatory organization regulating Forex

    Dealer Members, is prohibiting companies from accepting credit cards to fund their futures and forex accounts following January 31, 2015.
    After January 23, 2015, MB Trading FX will only permit funds to be deposited from a client's bank account by utilizing ACH transfer, wire transfer, or assess

    deposits. Any requests to draw funds that were initially drawn from credit cards can be credited back to the original credit card used until May 29, 2015. And any orders received after May 29, 2015 can be issued via ACH or Check.

    If you have any questions, please feel free to contact us.

  2. #2
    Foreign Exchange market won't be the exact same in 2016 for u.s. traders https://www.forexsoutheast.asia/cryp...chart-csv.html

  3. #3
    Additionally, I obtained the exact same e-mail. It is already hard for US traders to get anywhere. And it feels like it's just getting more and more limited each year. :/

  4. #4
    Quote Originally Posted by ;
    therefore brokers simply gave up and there not taken bank debit cards
    Hello PT,

    While I can't talk for other brokers, FXCM US customers can continue to deposit money from debit card: http://bit.ly/17IpwSw

  5. #5
    Quote Originally Posted by ;
    quote Hi PT, Even though I can't speak for other brokers, FXCM US customers can continue to deposit money from debit card: http://bit.ly/17IpwSw

  6. #6
    That's if fxcm is still about with a rumored 225 million missing from customers. Last time I looked at a forexmagnet informative article on booked funds for brokers, fxcm won't have the ability to cover the loss. Not 100% certain but fairly sure.

  7. #7
    Quote Originally Posted by ;
    That is if fxcm is still around using a rumored 225 million lost from customers. I looked in a forexmagnet article on booked funds for brokers, fxcm will not be able to pay for the loss. Not 100% certain but certain.
    Not a rumor. Actually from this SNB event:

    http://www.bloomberg.com/news/2015-0...iss-shock.html

    Really stunned myself.

  8. #8
    So brokers just gave up and there not taken bank debit cards

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