For quite some time already, even people who jokingly discarded the idea of Forex market ever get banned understand that this isn't such an implausible presumption as it had been in the days of more or less uncontrolled growth of the online retail FX industry.
With the current regulatory situation being very close to an outright ban of retail FX trading, will it take long for the coordinated effort by developed countries to outlaw speculative Forex trading completely? The legality of trading is called into question in many jurisdictions. If we look at the recent developments in the industry, you will notice the following signs:
The main argument in favor of the ban is that most retail traders lose anyway, making Forex trading akin to gambling. The situation is worsened by proliferation of scams in the industry. Prohibiting participation of individual traders in the Forex market would likely help the state to get rid of quite a few problems.
However, there are some factors making banning Forex trading quite impractical:
Moreover, even if a group of developed countries (let's say all the OECD members) manage to outlaw Forex trading successfully, the action might draw a lot of public criticism as the ban would be most certainly considered as an attack on economic freedom.
Most traders consider a complete ban on retail FX a highly improbable event in the next few years. It is likely that a lot more regulation will be applied to the field, but it is also likely that we all still be able to buy and sell a few lots to earn our share of profit.
If you would like to share a detailed opinion on the possibility of Forex closing down for common people, please proceed to our forum to discuss this issue.
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