Since CySEC and other European regulators not even speaking of american ones have started limiting brokerages with strange rules like "do not provide enough leverage for retail customers" - since those times all these talks about regulations and licenses stopped having much sense. You either let customers have what they want or go for regulations and licenses. This is basically the choice brokers have got nowadays. In this light AAFX is just another broker who has chosen to follow the demand, not the rules of politicians.
