UK online broker shares hammered by ESMA leverage proposals: IG -11%, Plus500 -13%; CMC -10% LeapRate

December 18, 2017 BY LeapRate Staff

UK online broker shares hammered by ESMA leverage proposals: IG -11%, Plus500 -13%; CMC -10%

Shares of the leading FCA regulated UK online brokers traded down sharply on Monday morning, following proposals made late Friday by pan-European financial regulator ESMA to enact fairly severe restrictions on leveraged FX and CFD trading. While ESMA made a number of proposals which it will put to public consultation in January - a Binary…

December 18, 2017 BY LeapRate Staff

Plus500 "welcomes" ESMA regulatory proposals for CFD and Binary Options trading

FCA regulated CFD broker Plus500 Ltd (LON:PLUS) has issued its response to the proposals made late last week by pan-European regulatory authority ESMA to severely rein in the world of online leveraged trading in the EU. ESMA's proposals included: a total ban on Binary Options marketing and trading in the EU leverage restrictions on Forex…

December 18, 2017 BY LeapRate Staff

IG Group calls ESMA's proposed 30x CFD and Forex leverage restrictions "disproportionate"

UK online trading leader IG Group Holdings plc (LON:IGG) has issued a formal statement in response to the proposals made late last week by pan-European regulatory authority ESMA to severely rein in the world of online leveraged trading in the EU. And, it wasn't all laudatory. While IG did state that it is is "supportive of…

December 10, 2017 BY LeapRate Staff

FX Industry Week Review: CySEC forex broker license, Formax Prime launch, FXDD-IronFX merger off, and lots more…

Which FX broker is the latest to get a CySEC CIF license? Which China-backed, FCA-licensed ECN broker launched in London? Why was the FXDD-IronFX merger called off? What major change did Plus500 Ltd (LON:PLUS) make to its Affiliate program? Answers to these questions and more appeared exclusively or first at LeapRate this week. Some of our…

December 08, 2017 BY LeapRate Staff

Exclusive: ETX Capital promotes Arman Tahmassebi to CEO

LeapRate Exclusive... LeapRate has learned that London based FX and CFDs broker ETX Capital has stayed internal to replace its recently departed longtime CEO Andrew Edwards, promoting COO Arman Tahmassebi to the CEO position at the company. As was exclusively reported at LeapRate at the beginning of November, Andrew Edwards surprised a lot of people…

December 05, 2017 BY LeapRate Staff

IG Group reports 9% growth in First Half fiscal 2018 Revenues

UK online trading leader IG Group Holdings plc (LON:IGG) today issued a Trading Update ahead of entering its close period following the end of the first half of its fiscal 2018 year. IG Group has a May 31 fiscal year end, so its first-half 2018 results are for the six month period ended November 30,…

November 24, 2017 BY LeapRate Staff

Pepperstone adds crypto trading in Bitcoin, Ethereum, Dash and Litecoin

Leading Australian Retail FX and CFDs broker Pepperstone has announced that it is now offering four cryptocurrencies against the US Dollar – Bitcoin, Ethereum, Dash and Litecoin. The cryptocurrencies will be available for trading with leverage up to 20:1 across all of the company's trading platforms. Cryptocurrency has large market movements that Forex and CFD traders can…

November 19, 2017 BY LeapRate Staff

FX Industry Week Review: GLBR Chapter 11, Betfred EU FX license, XTB in trouble, FCA regulates Binary Options, and lots more…

This will very clearly go down as one of the most momentous weeks of the year for Forex Industry News, not all of it for good reasons. Why didn't shares of Global Brokerage Inc (NASDAQ:GLBR) trade down after the company announced a Chapter 11 bankruptcy filing? And, what does FXCM management have to say about…

November 14, 2017 BY LeapRate Staff

XTB woes spook UK FX and CFD shares: IG -3%, Plus500 -5%, LCG -9%

Shares of leading FCA regulated, publicly traded online brokers were under pressure on Monday, after word broke in the Polish press that Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, was under investigation in its home country for fraud. XTB shares…

November 13, 2017 BY LeapRate Staff

Exclusive: Cellxpert and ArtuData partner to develop AI based remarketing tools

LeapRate Exclusive... LeapRate has learned that performance marketing technology services provider Cellxpert, and London based Artificial Intelligence tech company ArtuData, have agreed on a partnership to jointly develop AI tools to increase user acquisition. Cellxpert currently services over 100 digital-consumer (mainly financial) businesses including a number of FX and CFD brokerages. Google and Amazon backed ArtuData specialises in…

Tag: IG Group Holdings plc (LON:IGG)

UK online broker shares hammered by ESMA leverage proposals: IG -11%, Plus500 -13%; CMC -10%

Plus500 "welcomes" ESMA regulatory proposals for CFD and Binary Options trading

IG Group calls ESMA's proposed 30x CFD and Forex leverage restrictions "disproportionate"

FX Industry Week Review: CySEC forex broker license, Formax Prime launch, FXDD-IronFX merger off, and lots more…

Exclusive: ETX Capital promotes Arman Tahmassebi to CEO

IG Group reports 9% growth in First Half fiscal 2018 Revenues

Pepperstone adds crypto trading in Bitcoin, Ethereum, Dash and Litecoin

FX Industry Week Review: GLBR Chapter 11, Betfred EU FX license, XTB in trouble, FCA regulates Binary Options, and lots more…

XTB woes spook UK FX and CFD shares: IG -3%, Plus500 -5%, LCG -9%

Exclusive: Cellxpert and ArtuData partner to develop AI based remarketing tools

McDonald’s Share Price Climbs on Hopes of Low-Cost Meal Deal

Stock Market Lifts Its Head After Dry Spell

BBVA Shakes Up Markets After Announcing Hostile Takeover Bid For Banco Sabadell

Duolingo Price Drops Over Future Growth Concerns

Starbucks Under Pressure Following Earnings Miss