UK online broker shares hammered by ESMA leverage proposals: IG -11%, Plus500 -13%; CMC -10% LeapRate

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esma leverage cap ig plus500 cmc

December 18, 2017 BY LeapRate Staff

UK online broker shares hammered by ESMA leverage proposals: IG -11%, Plus500 -13%; CMC -10%

Shares of the leading FCA regulated UK online brokers traded down sharply on Monday morning, following proposals made late Friday by pan-European financial regulator ESMA to enact fairly severe restrictions on leveraged FX and CFD trading. While ESMA made a number of proposals which it will put to public consultation in January - a Binary…

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Plus500 Ltd (LON:PLUS)

December 18, 2017 BY LeapRate Staff

Plus500 "welcomes" ESMA regulatory proposals for CFD and Binary Options trading

FCA regulated CFD broker Plus500 Ltd (LON:PLUS) has issued its response to the proposals made late last week by pan-European regulatory authority ESMA to severely rein in the world of online leveraged trading in the EU. ESMA's proposals included: a total ban on Binary Options marketing and trading in the EU leverage restrictions on Forex…

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IG Group office

December 18, 2017 BY LeapRate Staff

IG Group calls ESMA's proposed 30x CFD and Forex leverage restrictions "disproportionate"

UK online trading leader IG Group Holdings plc (LON:IGG) has issued a formal statement in response to the proposals made late last week by pan-European regulatory authority ESMA to severely rein in the world of online leveraged trading in the EU. And, it wasn't all laudatory. While IG did state that it is is "supportive of…

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ESMA - Did they go too far?

December 18, 2017 BY LeapRate Staff

EU brokers faced with Binary Options ban, Deposit Bonus ban, and 30x Forex leverage cap

After several months of waiting and much speculation, European pan financial regulatory body ESMA has finally given the investing public a whiff of what it is planning to (try and) impose on the online trading world: a blanket ban on Binary Options in the EU, and a leverage cap of 30x on Forex trading. After…

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CME bitcoin futures

December 17, 2017 BY LeapRate Staff

Bitcoin flirting with $20,000 ahead of CME futures launch Monday

It has been another positive weekend for Bitcoin trading. But this time, it seems as though there was some method to the madness. After spending most of Friday trading in the $16,000-$17,000 range - up from the $13,000 range just last weekend - Bitcoin prices rose throughout the weekend and spent most of Sunday bouncing…

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The world’s largest crypto IPO postponed

December 17, 2017 BY LeapRate Staff

Exclusive: FX broker AvaTrade stops taking new crypto-trading clients via affiliates

LeapRate Exclusive... It looks like there indeed is a downside to the rapid runup in cryptocurrency trading at Retail FX shops. With the surge in interest from retail traders to trade bitcoin, ethereum and their various crypto cousins, some FX brokers - always welcoming new clients, of course, alongside increased trading volume from existing clients…

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UFX weekly fx market review

December 17, 2017 BY LeapRate Staff

UFX.com Weekly Trading Review - Disney acquires 21st Century Fox for record $52 billion

Your Weekly Trading Review by UFX.com – Sunday, December 17th, 2017 Some of this past week’s leading economic news and events affected the financial markets: The EUR/USD and GBP/USD both fell by -0.25% and -0.83%, respectively. Gold enjoyed a slight increase of 0.03%, while Crude Oil also rose in value by 0.46%. The 3 major US indices…

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forex industry news update

December 17, 2017 BY LeapRate Staff

FX Industry Week Review: Blockchain based social trading, Betfred live with EU CFDs, Electroneum launch, and lots more…

Which platform provider and Far East broker are collaborating on a new Blockchain based social trading service? Where did online gaming giant Betfred launch EU-licensed CFD trading via its new TradeFred brand? Which FCA regulated broker raised leverage on major FX pairs trading to 200x? Answers to these questions and more appeared exclusively or first…

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BCSC warning

December 17, 2017 BY LeapRate Staff

Canadian regulator BCSC warns against bitcoin broker USI-TECH

Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List unregulated bitcoin and Forex broker USI-TECH Limited (USI), operating from website usitech-int.com. USI-TECH Limited (USI) claims to be an online Forex and Bitcoin trading platform…

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Tradefred EU website

December 14, 2017 BY LeapRate Staff

Exclusive: Betfred's CFD unit TradeFred activates CySEC license, EU website goes live

LeapRate Exclusive... Further to our exclusive coverage of gaming giant Betfred's plans to enter the world of online FX and CFD trading with the launch of the new TradeFred brand, and that the company had received a CIF license from Cyprus regulator CySEC, LeapRate has learned that TradeFred has activated its CIF license and has…

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