Yesterday may well be known one day as 'FCA Tuesday', the day the UK regulator shook up the online retail trading industry by introducing a hard 50x leverage cap and a ban on bonus inducement payments to retail traders. Many of the brokers affected by the FCA's new rules regime are now regrouping and reevaluating…
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Continuing our coverage of this morning’s news that UK financial regulator the FCA has issued new directives for Forex and CFD trading, banning bonus payments to retail traders and limiting CFD trading leverage to 50x... Shares of Gain Capital Holdings Inc (NYSE:GCAP), parent company of the retail Forex.com and GTX institutional FX brokerage brands, have dropped…
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Continuing our coverage of this morning’s news that UK financial regulator the FCA has issued new directives, banning bonus payments to retail traders and limiting CFD trading leverage to 50x, FCA regulated broker CMC Markets Plc (LON:CMCX) has issued a brief statement about the new rules. While stopping short of saying that the new rules won’t…
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Continuing our coverage of this morning's news that UK financial regulator the FCA has issued new directives, banning bonus payments to retail traders and limiting CFD trading leverage to 50x, FCA regulated broker and #2 UK CFD player Plus500 Ltd (LON:PLUS) has issued a brief statement about the new rules. Plus500 did admit that the new…
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UK online trading leader IG Group Holdings plc (LON:IGG) issued a brief response to this morning's new directives from the FCA, banning bonus payments to retail traders and limiting CFD trading leverage to 50x. The response was issued after IG shares, and those of its main publicly traded competitors including CMC Markets Plc (LON:CMCX) and Plus500 Ltd…
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The fallout from the FCA's move this morning to ban account opening bonus payments to retail traders, as well as a hard 50x leverage cap on CFD trading, has been quick and swift. And, fairly severe. Shares of several publicly traded FCA regulated CFD brokers including IG Group Holdings plc (LON:IGG), CMC Markets Plc (LON:CMCX)…
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