Death to Forex | Zero Hedge

The Forex market is dead and dying, in parallel with the US economy; which is fitting, considering the US is still the world reserve currency.Significant harbingers that have changed the Forex market forever:Dodd Frank has killed/consolidated retail Forex in the US (significant because the US is the world reserve currency), leaving less than 10 retail Forex brokers in the US, compared to several hundred in jurisdictions such as the UK, Cyprus, Australia, and a growing retail Forex presence in China. New Forex products, such as Binary Options, are being offered exclusively to a non-US customer base. Still, only one major US bank, Ever Bank, offers multi-currency deposits. Forex banks are under investigation for ‘manipulating’ the Forex market (which is impossible). Still, Forex traders …

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The Forex market is dead and dying, in parallel with the US economy; which is fitting, considering the US is still the world reserve currency. Significant harbingers that have changed the Forex market forever:

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Death to Forex | Zero Hedge

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