ASIC to add reporting requirements to Australia’s new Retail Forex client money law LeapRate

July 11, 2017 BY LeapRate Staff

ASIC to add reporting requirements to Australia's new Retail Forex client money law

Australia financial regulator ASIC has issued a consultation paper, asking for feedback on new proposed rules requiring brokers to reconcile and report all retail client money held on a daily, monthly, and yearly basis. Some background... As we reported back in March, Australia’s parliament recently passed the Treasury Laws Amendment (Measures No 1) Bill 2016, known more…

July 03, 2017 BY LeapRate Staff

Exclusive: Turkey bans all accounts and trading with foreign Retail FX brokers

LeapRate Exclusive... LeapRate has learned that the Turkish government is issuing new regulations, which will make it illegal for Turkish residents to hold accounts or trade leveraged Forex or CFD products with foreign brokers not licensed by the country's Capital Markets Board (CMB). Turkey has been slowly tightening the screws when it comes to leveraged…

NetoTrade GBOCapital offshore forex broker warning

July 03, 2017 BY LeapRate Staff

Spain regulator CNMV warns against unlicensed offshore Retail FX brokers NetoTrade and GBO Capital

The National Securities Market Commission (Comisión Nacional del Mercado de Valores, or CNMV) in Spain has issued warnings against a number of unlicensed brokers and financial institutions targeting traders in the country. Included in the list released today are two unlicensed Retail Forex brokers, NetoTrade (operating from website netotrade.com) and GBO Capital (at gbocapital.com). Both…

June 29, 2017 BY LeapRate Staff

FCA delays FX and CFD leverage rules after ESMA decides to review the industry

UK regulator the Financial Conduct Authority (FCA) has dropped another bombshell. After shocking the Forex and CFD brokerage sectors in December with surprise proposals to rein in leverage and bonus payments to retail clients, the FCA today announced that it will be delaying the finalization of its proposals now that pan-European regulator ESMA announced that…

How to earn money from affiliate programs

June 26, 2017 BY LeapRate Staff

CySEC to publish list of outlawed Binary Options and FX affiliates

Cyprus financial regulator CySEC has issued a circular to all licensed CIFs in the country, outlining the rules under which CIFs (mainly Forex, CFD and Binary Options brokers) can operate using third party affiliates. Over the past two years CySEC has fined or even suspended the licenses of certain brokers, due to actions taken by…

June 22, 2017 BY LeapRate Staff

Saxo Bank leaves UK CFD and FX Association in dispute over FCA leverage proposals

Copenhagen based multi asset broker Saxo Bank has announced that its FCA regulated arm, Saxo Capital Markets UK Limited, is pulling out of the UK CFD and FX Association, a margin trading industry group. While not giving a specific reason, LeapRate has learned that Saxo is leaving the association in a dispute with the other members…

June 19, 2017 BY admin

The National Bank of Ukraine eases interbank forex trading controls

The National Bank of Ukraine (NBU), the central bank of Ukraine and acting regulator has announced simplified rules governing trading in foreign currency and investment metals in the interbank FX market of Ukraine and the international FX market. First, the simplified rules shall apply to forward FX transactions. The NBU has allowed banks to perform…

June 18, 2017 BY LeapRate Staff

FCA and PSR Chairman John Griffith-Jones to resign

John Griffith-Jones, Chairman of UK financial regulator the Financial Conduct Authority (FCA) as well as of the spun-out payment systems regulator the Payment Systems Regulator (PSR), has announced that he will leave both organisations at the end of his term of office, on March 31, 2018. No replacement for Mr. Griffith-Jones has yet been named. HM Treasury…

June 16, 2017 BY Valentina Kirilova

UK will be like Switzerland post Brexit, with no MiFID passport rights

U.K. financial services firms will definitely not be able to carry on business as normal within the European Union (EU) after it leaves the bloc, according to Luc Frieden, who has held several portfolios within the Luxembourg cabinet over the past few decades. In an interview for CNBC on Friday in Luxembourg, Luc Frieden commented:…

June 06, 2017 BY admin

Austrian financial regulator warns public on high number of dubious investment schemes

The Austrian Financial Market Authority (FMA) put out a warning today stating "the number of dubious providers in the Austrian financial market remains high" and backed it up with some interesting statistics. Examples provided include unregistered high-frequency trading schemes and others providing unrealistic returns. First off, in 2016, the FMA reported they initiated a total…

Category: Regulations

ASIC to add reporting requirements to Australia's new Retail Forex client money law

Exclusive: Turkey bans all accounts and trading with foreign Retail FX brokers

Spain regulator CNMV warns against unlicensed offshore Retail FX brokers NetoTrade and GBO Capital

FCA delays FX and CFD leverage rules after ESMA decides to review the industry

CySEC to publish list of outlawed Binary Options and FX affiliates

Saxo Bank leaves UK CFD and FX Association in dispute over FCA leverage proposals

The National Bank of Ukraine eases interbank forex trading controls

FCA and PSR Chairman John Griffith-Jones to resign

UK will be like Switzerland post Brexit, with no MiFID passport rights

Austrian financial regulator warns public on high number of dubious investment schemes

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