CySEC financial regulator CySEC has issued a clarification statement regarding the provision of negative balance protection to clients of FX brokers who utilize leverage in their trading. When CySEC announced back at the end of November - which was first exclusively reported at LeapRate a week prior - that it was changing the rules for FX…
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Some of our most popular, shared and commented-on posts this week in Forex Industry News at LeapRate included: CySEC gets tougher on bonus schemes, banning referral payments, trading competitions, and cash rebates. Cyprus financial regulator CySEC has issued an information circular, providing what it calls “additional guidance” to CIF licensed brokers on the types of bonus…
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Cyprus financial regulator CySEC has issued an information circular, providing what it calls "additional guidance" to CIF licensed brokers on the types of bonus incentives which are no longer permissible to be offered to retail clients. In its original announcement on November 30 regarding new rules governing bonuses and trading leverage (which was exclusively revealed by LeapRate…
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Retail forex broker Markets.com, which operates under the regulatory umbrella of CySEC licensed Safecap Investments Limited, a unit of Playtech PLC (LON:PTEC), sent an email out to clients late last week regarding new trading conditions thanks to rule changes implemented by the Cypriot regulator. We think that the email (full text below) represents a fairly good…
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CFD broker Plus500 Ltd (LON:PLUS) issued a statement on Thursday, after its shares fell by nearly 18% during the day's trading session on the London Stock Exchange. LeapRate spoke with several London City traders, who indicated that speculation was that Plus500 and other retail forex brokers with Cyprus ties could be hurt by Cypriot regulator…
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