the retail forex market is completely dominated by bucketshops. good riddance to it.
I trade FX for a living, have so for the last five years...
This smells more like the Futures and Options market players want to kill retail FX because it has taken away too much of their business; of course, all couched in the disguise of “protection.”
The business will just move to Foreign FX brokers (most of which who really are criminal bucket shops) until they make it completely illegal to move any money out of the country.
Wouldn’t want the peasantry to actually have an opportunity to become wealthy now would we?