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The CFTC has witnessed a sharp rise in foreign currency trading scams in recent years and advises potential customers to be aware of the potential for fraud. Generally foreign currency futures and options contracts may be traded legally on an exchange or board of trade that has been approved by the CFTC. Even where currency trading does not occur on a Commission-approved exchange or board of trade, the trading can be conducted legally where, generally speaking, one or both parties to the trading is (or is a regulated affiliate of) a bank, insurance company, registered securities broker-dealer, futures commission merchant or other financial institution, or is an individual or entity with a high net worth. The CFTC has jurisdiction over forex firms and their transactions that do not fall into the categories of regulated entities outlined above and engage in foreign currency futures and options transactions with or for retail customers who do not have a high net worth. refer to links for further information
What else can I help you with?
What are the advantages and disadvantage of e-money?
What are the merits of money exchange
What has the author A E Jasay written?
A. E Jasay has written: 'Making currency reserves \\' -- subject(s): Foreign exchange
What is the American currency called?
the American currency is known as the US dollar.You also have cents for money below on e dollar.Dollars
How do you say moneda official de cambio in English?
Currency exchange.Currency exchange.Currency exchange.Currency exchange.Currency exchange.Currency exchange.Currency exchange.Currency exchange.Currency exchange.Currency exchange.Currency exchange.
How do you exchange coins for Snoopy dollars?
Snoopy dollars aren't real currency so exchanging for them would be the sam e as buying them.
What is the name of the money in Egypt?
The currency used in Egypt is the Egyptian Pound - Symbol - E£ or EGP.
Which of e following best explains what happens to the exchange rate of a floating currency?
The exchange rate of a floating currency is determined by market forces, primarily supply and demand for that currency in the foreign exchange market. Factors such as interest rates, inflation, political stability, and economic performance influence these dynamics. When demand for a currency increases, its value rises; conversely, if demand decreases or supply increases, the currency's value falls. This continuous fluctuation reflects the relative economic conditions of the countries involved.
What is the difference between money and near money?
money is anything which is accepted as a medium of exchange. E. g. Hard cash say Rs 100 note. Near money is not money but very near to money say Bill of exchange, Deposit certificate.
What has the author J E Rourke written?
J. E. Rourke has written: 'Sterilization of paper currency' -- subject(s): Paper money
What is the difference between a fixed currency and a floating currency?
A fixed currency is used in countries where the value of the money is closely tied to the value of gold, or the value of another country's currency. A floating currency is one that changes depending on the state of the market, i. e. supply and demand.
Which of e following is the act of buying and selling money using other types of money?
This is called exchanging currency, and it is usually required when traveling abroad.
Can you Make Money With e-Currency Exchange?
The CFTC has witnessed a sharp rise in foreign currency trading scams in recent years and advises potential customers to be aware of the potential for fraud. Generally foreign currency futures and options contracts may be traded legally on an exchange or board of trade that has been approved by the CFTC. Even where currency trading does not occur on a Commission-approved exchange or board of trade, the trading can be conducted legally where, generally speaking, one or both parties to the trading is (or is a regulated affiliate of) a bank, insurance company, registered securities broker-dealer, futures commission merchant or other financial institution, or is an individual or entity with a high net worth. The CFTC has jurisdiction over forex firms and their transactions that do not fall into the categories of regulated entities outlined above and engage in foreign currency futures and options transactions with or for retail customers who do not have a high net worth. refer to links for further information
