LeapRate Staff
LeapRate Analyst
May 26, 2016 BY LeapRate Staff

China's SAFE again eases rules for retail foreign exchange transactions

Reuters is reporting that China's foreign exchange regulator SAFE has issued new rules simplifying procedures for individuals exchanging foreign currencies, but keeping net purchase quotas unchanged. In what Reuters is calling a minor reform, the State Administration of Foreign Exchange (SAFE) said that financial outlets designated by banks for such exchanges will no longer need…

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May 26, 2016 BY LeapRate Staff

China's SAFE again eases rules for retail foreign exchange transactions

Reuters is reporting that China's foreign exchange regulator SAFE has issued new rules simplifying procedures for individuals exchanging foreign currencies, but keeping net purchase quotas unchanged. In what Reuters is calling a minor reform, the State Administration of Foreign Exchange (SAFE) said that financial outlets designated by banks for such exchanges will no longer need…

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May 26, 2016 BY LeapRate Staff

Interactive Option parent Pegase renounces CySEC CIF license

After having had its CySEC CIF license first suspended in March for one month, with the suspension later extended in April, LeapRate has learned that Pegase Capital Ltd has now renounced its authorization and thus relinquished its CIF license, effective May 13, 2016. Pegase is the parent company operating binary options brokerage brands Interactive Option, HelloBrokers,…

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May 26, 2016 BY LeapRate Staff

ACFX suspension continued by CySEC as offices sit empty

LeapRate Exclusive... LeapRate has learned that the once-bustling offices of retail forex broker ACFX have been sitting empty now for more than a month, with some clients claiming that they have been unable to withdraw funds from their accounts over the past few weeks. For visitors to the Forex hotbed of Limassol, Cyprus, ACFX's offices…

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May 26, 2016 BY LeapRate Staff

U.S. Federal Court fines David Bryant $6 million for Futures fraud and misappropriation

The U.S. Commodity Futures Trading Commission (CFTC) has announced that the U.S. District Court for the Northern District of Illinois entered a Consent Order for permanent injunction against David Bryant of Los Angeles County, California. The Order requires David Bryant to pay a $3 million civil monetary penalty, plus $3,087,343 in restitution. The Order also imposes…

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May 25, 2016 BY LeapRate Staff

IG Brexit Barometer: 81% chance of 'Remain' vote winning

The EU Referendum 'Brexit Barometer' developed by IG Group Holdings plc (LON:IGG) is currently showing an 81% chance that the UK will remain within the European Union, a new high for the Barometer since its launch in February 2016. A Brexit has been the most unlikely outcome since the inception of this market, according to IG clients.…

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May 25, 2016 BY LeapRate Staff

IG Brexit Barometer: 81% chance of 'Remain' vote winning

The EU Referendum 'Brexit Barometer' developed by IG Group Holdings plc (LON:IGG) is currently showing an 81% chance that the UK will remain within the European Union, a new high for the Barometer since its launch in February 2016. A Brexit has been the most unlikely outcome since the inception of this market, according to IG clients.…

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