European equity indices look to open up 2-3% as anti Brexit momentum pushes GBPUSD above 1.46 LeapRate

June 20, 2016 BY LeapRate Staff

European equity indices look to open up 2-3% as anti Brexit momentum pushes GBPUSD above 1.46

Continuing our coverage of what promises to be a very volatile week in the financial markets, leading European index futures were indicating to open up big, as bullish momentum swept European markets following end-of-weekend polls supporting the Remain side of this Thursday's Brexit referendum in the UK. With Brexit fears easing, the main winner in…

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June 20, 2016 BY LeapRate Staff

AxiTrader cuts leverage on GBP pairs and other instruments to 20:1 ahead of Brexit referendum

Leading Australia-based retail forex broker AxiTrader has posted changes to the trading conditions on GBP currency pairs and certain other financial instruments, ahead of this Thursday's Brexit referendum in the UK. As predicted by many market analysts, each new poll and change in expected outcome of the very-close race is causing a lot of volatility…

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June 20, 2016 BY LeapRate Staff

GBP soaring in early Monday trading as 'Jo Cox effect' lifts Remain side in Brexit polls

Most FX research analysts predicted volatility this week, and it looks like they are going to get it. With currency trading restarting as the weekend turned to Monday morning in the Far East, weekend polls showing a marked jump for the #VoteRemain side were clearly supporting a jump in the British Pound. The GBPUSD pair was…

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June 19, 2016 BY LeapRate Staff

Forex Industry Week Review - Leverate's restructuring, FXCM's big problem, CySEC's directive on pay, and lots more

It was another week of exclusive Forex Industry News stories on LeapRate, as we once again brought to light all of the big industry-changing stories before anyone else. Change was the order of the week in the Forex sector. LeapRate broke the news of a major restructuring and layoffs at forex platform stalwart Leverate, CySEC's new…

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June 19, 2016 BY LeapRate Staff

FxPro reverses course, raises leverage allowed by traders ahead of Brexit vote to 200:1

Most of our coverage of Brexit and its impact on Forex trading has been of the one sided type - that it, leading Forex brokers raising required margin requirements and limiting leverage ahead of expected volatility and an expansion of spreads around the June 23 referendum in the UK. Well here's a change. Citing increased…

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June 17, 2016 BY LeapRate Staff

France's AMF adds 16 Binary Options brokerage brands to its unauthorized list

French financial regulator AMF has published a new list of 16 websites offering binary options trading for which no authorised investment services provider could be clearly identified. The list of 16 sites includes: www.abroption.com www.allianz-brokers.com www.banque-investissement.com www.barclaystraders.com www.connecting-trade.com www.collinsgestion.com www.f-generalsecurities.com www.finpari.com www.gointrading.com www.ibl-markets.com www.microption.com www.mytradeoption.com www.solution-capital.com www.stock-binary.com www.switzerland-capital.com www.swisspartners-ag.com A list of all unauthorized binary…

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June 17, 2016 BY LeapRate Staff

BuzzTrade, CFD Royal, Uptrade7 parent gets CySEC CIF license suspended for one month

Cyprus financial regulator CySEC has issued a note that it has suspended the CIF license of regulated binary options brokerage operator AirFinance Pro Ltd. AirFinance operates a number of binary options brokerage brands including BuzzTrade, CFD Royal, Uptrade7 and Investing Area. AirFinance used to be known as YTF Trade Limited. The decision to suspend AirFinance's…

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June 17, 2016 BY LeapRate Staff

SFC and HKEX set joint committee to improve Hong Kong IPO listing process

The Hong Kong Securities and Futures Commission (SFC) and Hong Kong Exchanges and Clearing Limited (HKEX) today jointly issued a consultation on proposed enhancements to The Stock Exchange of Hong Kong Limited’s decision-making and governance structure for listing regulation. Under the proposals two new Exchange Committees on which the SFC and the Exchange are equally…

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June 17, 2016 BY LeapRate Staff

Dukascopy adds single stock CFD trading at 10x leverage

Switzerland-based retail forex broker Dukascopy has announced that CFDs on single stocks are now available on its LIVE platform for Dukascopy Bank and Dukascopy Europe clients. Initially Dukascopy will be offering CFDs on 34 stocks listed only on German stock exchanges (see list below). Dukascopy plans to add Switzerland and UK listed single stock CFDs in…

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June 17, 2016 BY LeapRate Staff

FCA warns against e-transact Worldwide Limited

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA's latest warning is against e-transact Worldwide Limited, operating from website etransact.net showing address E1-4 Argyll Street, London W1F 7LD, which provides credit and debit cards services to online and offline merchants. e-transact Worldwide…

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