Oh, the Injustice! Retail FOREX brokers may ban use of credit cards for trades

[haha]

Retail Currency Market Eyes Card Ban - WSJ.com

Small investors in the currency market may soon find their credit cards denied.

Industry overseers, concerned that retail investors are racking up credit-card debt to bet on currencies, are considering a ban on using the plastic to pay for trades.

As one aggrieved customer said, "I don't know of any other industry that won't accept credit cards!"

How about it guys, your broker take Amex, Visa, and Mastercard?

I just wish I knew what direction their trades are taking; I'd at least look at the other side.

Ha

 

[Mulligan]

I wish Vanguard did. I would acquire every 1% cash back credit card known to mankind, and buy/sell the money market fund until they closed my account.

 

[Lakewood90712]

Years back , I was loading up on I bonds, using Discover to pay. Got a lot of cash back for 2 years - until Discover got wise and shut off the water on that deal.