Mandatory Repatriation of U.S. Residents
The following pages are to inform you about the recent announcement of the Dodd-Frank Wall Street Reform Act and the Commodity Futures Trading Commission (“CFTC”) final ruling regarding retail Forex Trading for U.S. residents.
Dodd - Frank Wall Street
Reform Act
Effective October 18, 2010, any entity offering retail Forex and acting as the counterparty
to U.S. residents must be registered with the CFTC and member of the National Futures
Association (“NFA”).
In effect, the CFTC is requiring all foreign Forex brokers to repatriate U.S. residents back to a CFTC registered/NFA member Forex broker, such as FX Solutions, LLC, by October 18, 2010. Foreign Brokers who do not comply, including offshore Forex brokers, will be in direct violation of the Dodd-Frank Wall Street Reform and Consumer Protection Act and subject to strict penalties.
In effect, the CFTC is requiring all foreign Forex brokers to repatriate U.S. residents back to a CFTC registered/NFA member Forex broker, such as FX Solutions, LLC, by October 18, 2010. Foreign Brokers who do not comply, including offshore Forex brokers, will be in direct violation of the Dodd-Frank Wall Street Reform and Consumer Protection Act and subject to strict penalties.
What Does This Mean?
FX Solutions UK is currently acting as the counterparty to your retail Forex account
and unfortunately, is not registered with the CFTC and/or member of the NFA. As
a result,
FX Solutions UK will no longer be eligible to service Forex trading accounts held by residents of the U.S.
FX Solutions UK will no longer be eligible to service Forex trading accounts held by residents of the U.S.
Customer Impact
Move your GTS account
now to FX Solutions, LLC *
now to FX Solutions, LLC *
Note: If you already have an existing account with FX Solutions, LLC please provide your existing account number on the opt-in form.
MetaTrader Account Holders
Currently there is No Action Required.
All open positions on October 15, 2010 at 5PM ET will automatically be closed and
accounts containing balances will be transferred to FX Solutions, LLC.
October 15, 2010 at 5PM ET
All open positions will automatically be closed and accounts with balances will be transferred to
FX Solutions, LLC. Please familiarize yourself with the FX Solutions, LLC Risk Disclosure Statement and Notices.
For additional questions regarding the CFTC’s implementation of the mandatory repatriation of US accounts, please contact FX Solutions directly at CFTCRuling@fxsol.com.


