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…

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December 07, 2017 BY LeapRate Staff

Exclusive: Plus500 removes Revshare payments from its Affiliates program due to MiFID II regulations

LeapRate Exclusive... LeapRate has learned that leading CFD broker Plus500 Ltd (LON:PLUS) has decided to halt its Revshare payments with affiliates in its 500Affiliates.com program ahead of MiFID II regulations, moving instead to an all-CPA (cost-per-acquisition) model. While most affiliates of FCA and CySEC licensed Plus500 have been working with the CPA model to date,…

November 29, 2017 BY LeapRate Staff

SafeCharge notes 'Tier 1' client wins at Plus500, 888, Bet365, PaddyPower and EuroBet

Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has issued a Trading Update 2017, indicating that business activity ahead of the 2017 year-end has been strong. As a result the company's financial performance for the full year is expected to be in line with market expectations. SafeCharge stated that it continues to make…

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 16, 2017 BY LeapRate Staff

Forex sports sponsorship: Plus500 extends with Atletico Madrid through 2021

FCA regulated CFD broker Plus500 Ltd (LON:PLUS) has announced that it has extended its official Main Sponsor agreement with Club Atlético de Madrid, SAD, for the 2018/2019, 2019/2020 and 2020/2021 seasons, with both parties actively considering extending the relationship further. Plus500 first became the Official Main Sponsor of FC Atletico Madrid in January 2015 and…

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 05, 2017 BY LeapRate Staff

FX Industry Week Review: Fake MT4 in China, ETX's CEO departs, FX affiliate financing, Poland regulation, and lots more…

Forex Industry News from the past week... Which EU country delayed plans to further limit leverage in Retail FX trading? Which longtime FX broker CEO jumped from one FCA regulated firm to another? Which leading FX affiliate group raised $10 million to pursue acquisitions? Why did shares of Gain Capital Holdings Inc (NYSE:GCAP) pop by 20%?…

Tag: Plus500 Ltd (LON:PLUS)

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: Plus500 removes Revshare payments from its Affiliates program due to MiFID II regulations

SafeCharge notes 'Tier 1' client wins at Plus500, 888, Bet365, PaddyPower and EuroBet

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

Forex sports sponsorship: Plus500 extends with Atletico Madrid through 2021

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

FX Industry Week Review: Fake MT4 in China, ETX's CEO departs, FX affiliate financing, Poland regulation, and lots more…

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