外汇期权是什么意思

外汇期权在美国外汇交易法规
a)最低资本要求
多德 – 弗兰克法规由CFTC管理,对外汇经纪商提出了非常高的最低资本要求。

在该国经营的任何零售外汇交易公司必须拥有2000万美元的最低资本。而且,如果交易者的负债超过1000万美元,他们必须有5%的金额。

根据这一最低资本规则,CFTC打算让经纪人能够维持其客户的头寸,而不会在市场出现意外波动时被宣告破产。

相比之下,塞浦路斯(许多外汇经纪公司的所在地)的最低资本要求从大约42,000美元到大约100万美元不等。

塞浦路斯对大多数经纪人具有吸引力,因为其欧盟成员资格使该国的公司能够合法地向国际电联其他国家提供外汇交易服务,同时受到的监管不如许多其他欧盟国家强加的严格。

b)杠杆
杠杆是使外汇交易变得甜蜜的原因 – 尽管它可能是一把双刃剑。事实上,外汇行业已经大幅增长,因为杠杆允许资金很少的交易者以更大的资金开放交易。这就是为什么一些经纪商提供高达1000:1的诱人杠杆水平的原因。

但是,美国的法规限制了大多数主要货币的杠杆率为50:1。在其他几个人身上是33:1,在异国情调对上是20:1。这种限制适用于降低未能正确理解杠杆劣势的投资者所承担的风险。

诚然,如果误操作,杠杆可以大大放大交易者的损失。通过对杠杆进行限制,美国监管机构打算确保交易者采取适当的风险管理策略,避免不必要的损失。显然,这使得外汇交易对于没有足够资金的美国交易者来说不那么有利可图。

c)注册
美国法规规定所有金融机构(如外汇经纪商,介绍经纪人和基金经理)必须在CFTC注册并受NFA监管,然后才能向该国客户提供服务。

CFTC和NFA都为每个外汇经纪公司提供一个独特的注册号码,可以公开访问。CFTC拥有一个全面认证经纪人的综合在线数据库。NFA BASIC允许搜索所有注册的公司和个人。在向经纪人投资之前,交易者可以搜索以确认公司的真实性。

此外,注册的外汇经纪商必须向NFA提供频繁的审计报告和财务记录。报告应说明经纪人如何管理其财务以及客户的资金。

d)套期保值
如果您处于亏损交易中,您有三种选择 – 退出交易,继续持有交易直到市场改变方向,或者在相反方向开启另一笔交易。

The last strategy is called hedging, and it’s useful for lowering the effect of losses on a trade. For example, you can place a buy order on the EUR/USD if your sell order does not behave as expected.

Regardless of being useful, hedging is not allowed in the U.S. The country’s regulators believe that hedging works to the disadvantage of traders because it makes them pay double spread fees and incur increased trading costs.

In fact, brokers in the U.S. are required to enforce what is called First-in-First-out rule. The FIFO rule obliges brokers to exit traders’ running positions in a single currency pair based on the order in which the positions were placed.

For example, if a trader has two running positions on the EUR/USD, the first order should be exited first before exiting the second one. As such, when a trader tries to exit the second order, the first one will be exited automatically, irrespective of the losses or profits accrued. Again, this regulation makes trading forex in the U.S. less flexible and more difficult, but that’s the way the country operates.

e) Funds security
The security of funds is critical for every forex trader. As such, the U.S. regulators have established several measures to ensure traders do not lose their hard-earned money.

Chiefly, the CFTC has tasked the NFA to ensure that every regulated broker keeps its funds in a segregated account, which is different from the broker’s own operating accounts. This way, brokers cannot escape with the funds if the unfortunate happens.

The NFA directs that every broker should keep its funds with a recognized financial institution within the country. Also, the use of credit cards for funding forex trading accounts is not allowed, but debit cards are.