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…
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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…
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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…
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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…
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After several months of waiting and much speculation, European pan financial regulatory body ESMA has finally given the investing public a whiff of what it is planning to (try and) impose on the online trading world: a blanket ban on Binary Options in the EU, and a leverage cap of 30x on Forex trading. After…
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Germany financial regulator BaFin has issued a new set of guidelines for brokers offering CFD trading to retail clients in the country. LeapRate readers will recall that BaFin instituted its negative balance protection rule for all CFDs offered to retail traders in Germany effective this past August. However BaFin stated now that it still needed…
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Which Binary Options broker is planning to go public via an Initial Coin Offring (ICO)? And what can we learn from that about the overall binary options sector? Which recently-promoted executive is now out at ADS Securities? What did CySEC clarify about negative balance protection which must be provided to all FX broker clients? All…
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CySEC financial regulator CySEC has issued a clarification statement regarding the provision of negative balance protection to clients of FX brokers who utilize leverage in their trading. When CySEC announced back at the end of November - which was first exclusively reported at LeapRate a week prior - that it was changing the rules for FX…
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A full eight months after first being proposed, new rules governing CFD trading and brokerage take effect this week in Germany. A quick timeline.... German regulator BaFin proposed the new rules for brokers providing off-market leveraged CFD trading on December 8, 2016. That came just two days after BaFin's UK counterpart, The FCA, came out…
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The following article was written by Jens Chrzanowski, Member of the Management Board of Admiral Markets Group AS. Hello, Thursday, 10 August 2017, signifies the start of a new era for the German Forex & CFD market! By the national BaFin regulation, any CFD offering without 100% protection is banned as of today, including marketing,…
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