You may have seen this ad on TV for “uncomplicated forex trading, with leverage at up to 400 to 1”. I have no problem with FX trading for banks, companies, and traders, but this seems aimed at mums and dads, who mostly would have no idea that this is straight gambling. Not that I’m against gambling, but at the roulette table at least you aren’t able to leverage 400 to 1. I’m not sure who regulates this, but marketing FX trading to mums and dads is a recipe for the sequel to our Swiss loans affair. I wait for the legal cases with interest, as I’m sure that these products would not be adequately explained to most of the clients of these types of companies.