Tag: ASIC regulated brokers

negative balance protection
March 27, 2017 BY LeapRate Staff

Australia parliament passes new legislation to protect Retail Forex client money

Breaking Forex News... LeapRate has learned that Australia's parliament today passed the Treasury Laws Amendment (Measures No 1) Bill 2016, known more commonly as the Retail Client Money law. We had reported back in November that the Australian government was going to change the rules as to what ASIC licensed retail brokers offering over-the-counter derivatives products (read:…

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September 26, 2016 BY LeapRate Staff

Pepperstone receives FCA license, set to expand in the UK - LeapRate Exclusive

LeapRate Exclusive... LeapRate has learned that ASIC regulated, Melbourne, Australia based retail forex broker Pepperstone is getting set to announce a major expansion in the UK and Europe. One of Australia's leading Retail Forex and CFD brokers, Pepperstone has already finalized the FCA license of its UK subsidiary, Pepperstone Limited. Pepperstone acquired what is now…

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September 02, 2016 BY LeapRate Staff

Australian online broker CommSec hit with $700,000 ASIC fine

Australia financial regulator ASIC has announced that CommSec (Commonwealth Securities Limited (CommSec), one of Australia's largest online brokers, has paid a total penalty of AUD $700,000 to comply with two infringement notices given to it by ASIC's Markets Disciplinary Panel (MDP), and has voluntarily refunded $1.1 million in brokerage to more than 25,000 clients. The MDP had reasonable…

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August 30, 2016 BY LeapRate Staff

Invast promotes Jon Leung and James Alexander to boost its PurePrime FX institutional services

Invast Global, the ASIC-regulated Australian-based offshoot of leading Japanese brokerage Invast Securities Co. Ltd. (TYO:8709), has promoted two C-level executives with an eye to further expanding its FX prime services offering, PurePrime. Joining Invast CEO Gavin White at the top management table will be Jon Leung and James Alexander. White, Leung and Alexander know each other…

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July 28, 2016 BY LeapRate Staff

Direct FX launches new website, adds US Equities on MT4 with DriveWealth - LeapRate Exclusive

LeapRate Exclusive... LeapRate has learned that ASIC regulated retail forex broker Direct FX has redone its website, which just went live earlier this week. In conjunction with the new look, Direct FX has partnered with FINRA-regulated broker DriveWealth to launch exchange-listed US Equities and Futures trading on MetaTrader 4 to its network of global partners and direct…

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