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

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…

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…

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…

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…

New BIS report cites “internalization” by large banks for 7% volume drop

December 14, 2017 BY LeapRate Staff

TRAction Fintech integrates with oneZero for MiFID II and EMIR regulatory reporting solutions

Regulatory and reporting solutions provider TRAction Fintech and trading software company oneZero Financial Systems have announced a collaborative partnership aimed at simplifying MiFID II and EMIR transaction reporting for FX and CFD brokers. TRAction Fintech is a specialist in regulatory reporting, offering transaction reporting services for MiFID II/ MiFIR and EMIR. oneZero provides execution software…

December 06, 2017 BY LeapRate Staff

Poland regulator KNF issues criteria for FX broker dividend payments in 2018

Polish financial supervision authority commission Komisja Nadzoru Finansowego (KNF) issued directives yesterday to the country's brokerage houses regarding dividend policy. The KNF recommended that the dividend in 2018 should only be paid by brokerage houses which meet the following criteria in aggregate: A. dividend in the amount not higher than 75% of the net profit for…

Germany's BaFin maintains restrictions on retail trading with financial CFDs

November 29, 2017 BY LeapRate Staff

BaFin issues further guidelines on negative balance protection for CFD trading in Germany

Germany financial regulator BaFin has issued a new set of guidelines for brokers offering CFD trading to retail clients in the country. LeapRate readers will recall that BaFin instituted its negative balance protection rule for all CFDs offered to retail traders in Germany effective this past August. However BaFin stated now that it still needed…

November 20, 2017 BY LeapRate Staff

Spain regulator CNMV warns against unregulated FX sites Forex.cat and Forextrading.cat

Spain's financial regulator National Securities Market Commission (CNMV) has issued a warning regarding two .cat websites, forex.cat and forextrading.cat. We would note that forextrading.cat leads to the Spanish language website of offshore FX broker LiteForex, based in the Marshall Islands, liteforex.es. Interestingly, the .cat Internet domain is one of the issues of dispute between the Spanish…

November 09, 2017 BY LeapRate Staff

Leverate launches EMIR / MiFID II regulatory consulting service Regyoul8

Continuing its metamorphosis from turnkey brokerage solutions provider to an FX point solutions company, Leverate has announced the launch of a new Cyprus-based regulatory consulting and services operation, called Regyoul8. This of course follows our exclusive coverage from earlier this week of Leverate entering into a cooperation agreement with (former?) FX platform rival MetaQuotes, to…

November 03, 2017 BY LeapRate Staff

CySEC directs FX brokers to include warnings when targeting Spanish clients

Cyprus financial regulator CySEC has issued a notice to all CIF licensed brokers in the EU island country, regarding the targeting of Spain based retail traders. Spain's CNMV is one of the few major EU regulators which has not 'come down hard' on the online trading sector by issuing tighter leverage restrictions, or bans on…

Category: Regulations

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

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

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

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

TRAction Fintech integrates with oneZero for MiFID II and EMIR regulatory reporting solutions

Poland regulator KNF issues criteria for FX broker dividend payments in 2018

BaFin issues further guidelines on negative balance protection for CFD trading in Germany

Spain regulator CNMV warns against unregulated FX sites Forex.cat and Forextrading.cat

Leverate launches EMIR / MiFID II regulatory consulting service Regyoul8

CySEC directs FX brokers to include warnings when targeting Spanish clients

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