NFA's plan to ban credit card or PayPal-type deposits to retail Forex and futures accounts looks likely to go ahead. Our article posted last week breaking the news that the NFA plans to ban the use of credit cards and "alternative funding mechanisms" such as PayPal to fund retail customer accounts has generated a tremendous amount of chatter and commentary -- some even suggest that this will somehow be good for the retail FX industry -- as well as questions, such as what the effect of the credit card ban will be. First we should note, that following discussions with industry insiders and ... (Read the full story)
