GM alien..dont know final decision date on that but I find it hard to believe it will pass.It wouldnt stop anyone from trading but it would hassle us into moving accts to Great Britain or wherever offshore and at same time devestate US FOREX brokers I would think. You can get around the NFA FIFO rule by moving your acct to the UK..they are not subject to that rule.That idiotic rule is causing my wife a lot of problems and I need to move her FXCM acct to UK as soon as she gives me the go ahead to do so.I think I have the link to UK transfer form for FXCM micro ..if I find it I will post it for you.
Yeah they are bending us over the barrel on this one. When they started the FIFO rule it messed up a lot of people. I am afraid that if they keep making all of these rules that it will open up a whole slew of scams for US investors trying to go over seas