LeapRate Exclusive... LeapRate has learned that recently-launched Cyprus based Retail FX and CFDs broker Capital.com has hired a very recognizable name and face in the Forex world as its new Chief Market Strategist, David Jones. David Jones was the senior market analyst and 'face of the firm' for nearly a decade at two of London's premier online…
Read moreForex Industry News and commentary this past week at LeapRate was clearly dominated by ESMA's (not so surprising) decision to cap Forex and CFD trading leverage at 30x - and that just for Forex major pairs. All other instruments, including cryptocurrencies, will be subject to an even lower leverage maximum. How did leading EU brokers…
Read more
As we have seen throughout most of the past year from it, FCA regulated online CFD brokerage house CMC Markets Institutional (LON:CMCX) has issued something of a mixed-message Trading Update leading up to the close of its current fiscal year on March 31, 2018. CMC stated that its "strong year to date performance" was been maintained…
Read more
Better late than never. Long after most of its UK online trading rivals launched cryptocurrency trading, CMC Markets Plc (LON:CMCX) has announced that it will launch CFD and spread betting on the original bitcoin and ethereum cryptocurrencies paired against the US dollar. However, the crypto offering will only be available at CMC (at least initially) to its…
Read more
Will ESMA change its mind? While all formal indications to date indicate that ESMA plans to carry through with its new rules governing online trading - including a 30x leverage cap on CFDs - insiders within ESMA have admitted that the pan-European regulator has seen a virtual deluge of responses to its proposals, numbering in…
Read more
In Forex Industry News this past week… How did Israel's Supreme Court rule on an appeal against the country's new Binary Options ban law? Where did IG Group Holdings plc (LON:IGG) see the most growth on its way to record results in the first half of Fiscal 2018? What levels of trading volumes is social…
Read more
London based online FX, CFDs and spreadbetting broker CMC Markets Plc (LON:CMCX) has issued a trading update for its fiscal 2018 third quarter, covering the period from October to December 2017. CMC has a March 31 fiscal year end. Overall, CMC reported mixed results, with fewer active clients but a healthy rise in revenue per client…
Read more
Exactly a month after dropping its bombshell proposal of a hard 30x cap on CFD leverage, European pan financial regulatory body ESMA has taken the next step in enacting its proposals by formally opening a 'call for evidence' from the public and affected parties to give formal feedback on its proposals. The consultation period will…
Read more
In what is a usually quiet pre-Christmas-break week, Forex Industry News at LeapRate was anything but. ESMA's surprise move to cut maximum leverage allowed in CFD trading shook the industry, eliciting a lot of industry reaction, and hit hard the shares of publicly traded brokers including IG Group Holdings plc (LON:IGG), Plus500 Ltd (LON:PLUS), and CMC Markets…
Read more
New York based FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP), which operates the UK-centric City Index as well as the global FOREX.com brands, has issued a statement in response to European regulator ESMA's plans to limit leverage on FX and CFD trading to 30x. Similar to the reaction of its London-based competitor IG Group…
Read more