Category: Regulations

Saxo Bank office
March 29, 2018 BY Valentina Kirilova

Saxo Bank on ESMA’s leverage restrictions: 'fair and proportionate'

Following IG Group Holdings plc (LON:IGG) and Plus500 Ltd (LON:PLUS)'s recent reactions, Copenhagen based multi asset broker Saxo Bank has also spoken, 'strongly' welcoming ESMA’s leverage restrictions. The measures include caps on leverage which Saxo Bank considers fair and proportionate. Saxo Bank expects these measures to be positive for clients and result in a more level…

Read more
Plus500 with a positive reaction to ESMA’s leverage restrictions
March 28, 2018 BY Valentina Kirilova

Plus500 with a positive reaction to ESMA’s leverage restrictions

Shortly after yesterday's IG Group (LON:IGG) reaction, retail FX and CFD broker Plus500 Ltd (LON:PLUS) has also released an update following the announcements from ESMA and the FCA in which they outlined the regulatory changes ESMA proposes to implement in the coming weeks. The principal changes are: leverage limits on the opening of a position by a…

Read more
ESMA - Did they go too far?
March 27, 2018 BY LeapRate Staff

ESMA confirms 30x max CFD leverage and Binary Options ban

More than a month and a half after the close of its public consultation period - and despite receiving a tremendous amount of pushback from both online brokers and traders from across the continent - pan-European financial regulator ESMA today released its final proposals to govern leveraged trading, which remain unchanged from its original proposals.…

Read more
cnmv spain forex regulation
March 15, 2018 BY LeapRate Staff

Spain details warnings brokers must give to Forex, CFD and Binary Options traders

There seems to be some confusion out there regarding a circular issued today by Spanish financial regulator CNMV, entitled (translated from the original Spanish): The CNMV approves a Circular that establishes new warnings on financial instruments considered especially complex. The issue of warnings required by the CNMV aren't new - they were introduced for Spanish traders…

Read more
forex customer complaint
March 05, 2018 BY LeapRate Staff

ASIC consulting on creation of new Australian Financial Complaints Authority (AFCA)

After the bill to create a new Complaints authority passed Australia's parliament on February 14 - mandating that the new authority to be named Australian Financial Complaints Authority (AFCA) be in action by November 2018 - Australia's financial regulator ASIC today released a draft updated Regulatory Guide 139, Oversight of AFCA for public consultation. The Bill to establish…

Read more