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Dear Sir, Dear Madam,
As you are certainly aware of, the regulatory environment of FX trading has recently been subject to important changes in the USA. Dukascopy Bank SA had to adapt its internal policy consequently.
Therefore, we inform you that Dukascopy Bank SA can no longer accept clients residing permanently in the USA (“US Clients”) referred by you.
An exception to this rule may be made on a case by case basis for Introducing Agents duly registered and licensed with the CFTC and the NFA as “introducing brokers”.
However, you still can refer non – US Clients to Dukascopy Bank SA. For those clients who have been referred to us in the past and have been accepted, Dukascopy Bank SA will continue to pay you the fees you are contractually entitled to.
Concerning possible US Clients recently (i.e. after October 18, 2010) referred by yourself and not yet approved by us, please confirm in writing that you renounce to claim any kind of commission. Should you not do so, we will be forced to decline their account opening application. |
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