As most US forex traders already know, in 2016 a new SEC / dodd-frank rule prohibited US brokers regulated by the SEC to do forex with non-eligible contract persons (ECP); that is, no US forex clients with assets under USD 10 million. Interactive Brokers is SEC regulated and was thus affected by this. This did not affect FX brokers that do not deal in securities and are regulated by the CFTC alone. And it did not affect non-US forex traders.
I am a London based full-time trader. I use…