CFD broker Plus500 Ltd (LON:PLUS) has announced that it has reached a settlement with Belgium financial regulator FSMA, in which it will pay the regulator €550,000. The settlement came after several months of discussions between Plus500 and the FSMA. Belgium authorities claimed that Plus500 had contravened its ban on offering leveraged trading products in the…
Read moreIn a week which will be mostly remembered for the British Pound Flash Crash, Forex Industry News at LeapRate seemed to center on one of the underlying themes driving the sector in recent months - over-reaction of regulators. There certainly is need to regulate the online trading sector. However regulators demonstrated once again that when they…
Read moreLeapRate Exclusive... LeapRate has learned that the Belgium government's ban on leveraged Forex, CFD and Binary Options trading in order to 'protect Belgian consumers of financial services' has effectively backfired. At least so far. As reported at LeapRate, Belgium's financials regulator FSMA announced the ban in mid August, giving brokers serving Belgian customers a few weeks…
Read moreIt was a wild week in the world of Forex Industry News, with stories hitting from all corners of the globe. Regulator bans. Corporate results. Fraud. Fines. Executive moves. Even frequent flyer miles. This week had it all. And most of it appeared first or exclusively on LeapRate! Our most popular guest post this week - and one…
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