Plus500 upgrades South Africa FSB license, sets new subsidiary Plus500SA Pty Ltd LeapRate

February 07, 2018 BY LeapRate Staff

Plus500 upgrades South Africa FSB license, sets new subsidiary Plus500SA Pty Ltd

CFD broker Plus500 Ltd (LON:PLUS) has announced that the Financial Services Board (FSB) of South Africa has granted Plus500 a licence to operate as an Authorised Financial Service Provider in South Africa through a newly created subsidiary Plus500SA Pty Ltd. This follows our report last year February that the FSB had granted Plus500AU Pty Ltd., the…

February 05, 2018 BY LeapRate Staff

ESMA received 'unprecedented volume' of thousands of responses to CFD rule proposals

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…

January 18, 2018 BY LeapRate Staff

ESMA moves forward with CFD trading rules, considers Crypto 5x leverage limit

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…

January 15, 2018 BY Valentina Kirilova

Plus500 welcomes FCA's 'Dear CEO' letter

FCA regulated CFD broker Plus500 Ltd (LON:PLUS) informed that it takes note of the contents of a "Dear CEO letter" that the Financial Conduct Authority (FCA) has issued last week as a public announcement following its review of the CFD market. The announcement highlights the FCA's concerns regarding firms who offer and distribute CFDs to retail…

January 10, 2018 BY LeapRate Staff

Exclusive: Phil Horner leaves FX broker Pepperstone

LeapRate Exclusive... LeapRate has learned that Pepperstone senior executive Phil Horner has departed the company, in what seems to have been something of an internal power struggle at the Melbourne, Australia based Retail FX broker. Mr. Horner had spent six years working his way up the ranks at Sydney based ASIC licensed broker AxiTrader, joining…

January 07, 2018 BY LeapRate Staff

FX Industry Week Review: LMAX splits in two, Plus500 record quarter, Managing Crypto risk, and lots more…

In the first week for Forex Industry News of 2018... Why did institutional FX player LMAX split its operations into two separate FCA regulated companies? What drove Plus500 to (yet another!) record quarter in Q4? What problems are FX brokers having in managing risk and liquidity from clients increasingly trading cryptos? And, what can be…

January 03, 2018 BY LeapRate Staff

Plus500 sees record Revenues in Q4 as cryptocurrency CFD trading takes off

Leading online CFDs broker Plus500 Ltd (LON:PLUS) has issued its Trading Update for the end of 2017, indicating that the company will report a record quarter for Q4 in terms of Revenues. We would remind our readers that in Q3 Plus500 reported what we called a 'monster' quarter, with then-best-ever Revenues of $116.5 million, EBITDA of…

December 24, 2017 BY LeapRate Staff

FX Industry Week Review: CFD leverage, EU passport, ETX cuts Binary Options, Affiliate program changes, LegacyFX launch, and lots 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…

December 21, 2017 BY LeapRate Staff

Exclusive: Plus500 adjusts affiliate CPA payments based on trader type

LeapRate Exclusive... Further to our earlier exclusive report that leading online CFDs broker Plus500 Ltd (LON:PLUS) has decided to remove Revshare payments from its 500Affiliates.com Affiliates program due to MiFID II regulations - going to an all-CPA based system - LeapRate has learned that Plus500 is further adjusting its affiliate payment model. But this time, due…

December 18, 2017 BY LeapRate Staff

GAIN Capital warns of 'unintended consequences' from ESMA's proposed 30x CFD leverage cap

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…

Tag: Plus500 Ltd (LON:PLUS)

Plus500 upgrades South Africa FSB license, sets new subsidiary Plus500SA Pty Ltd

ESMA received 'unprecedented volume' of thousands of responses to CFD rule proposals

ESMA moves forward with CFD trading rules, considers Crypto 5x leverage limit

Plus500 welcomes FCA's 'Dear CEO' letter

Exclusive: Phil Horner leaves FX broker Pepperstone

FX Industry Week Review: LMAX splits in two, Plus500 record quarter, Managing Crypto risk, and lots more…

Plus500 sees record Revenues in Q4 as cryptocurrency CFD trading takes off

FX Industry Week Review: CFD leverage, EU passport, ETX cuts Binary Options, Affiliate program changes, LegacyFX launch, and lots more…

Exclusive: Plus500 adjusts affiliate CPA payments based on trader type

GAIN Capital warns of 'unintended consequences' from ESMA's proposed 30x CFD leverage cap

Nick Twidale joins ATFX as Chief Market Analyst

Legal Clash Between SEC And Ripple Impacts XRP Performance

McDonald’s Posts Disappointing Results As Customers Cut Back Spending

Eurozone Exits Recession Thanks To Chief Economies

Coca-Cola To Offer IPO For African Bottling Division