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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Regulatory and reporting solutions provider TRAction Fintech and trading software company oneZero Financial Systems have announced a collaborative partnership aimed at simplifying MiFID II and EMIR transaction reporting for FX and CFD brokers. TRAction Fintech is a specialist in regulatory reporting, offering transaction reporting services for MiFID II/ MiFIR and EMIR. oneZero provides execution software…
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Polish financial supervision authority commission Komisja Nadzoru Finansowego (KNF) issued directives yesterday to the country's brokerage houses regarding dividend policy. The KNF recommended that the dividend in 2018 should only be paid by brokerage houses which meet the following criteria in aggregate: A. dividend in the amount not higher than 75% of the net profit for…
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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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Spain's financial regulator National Securities Market Commission (CNMV) has issued a warning regarding two .cat websites, forex.cat and forextrading.cat. We would note that forextrading.cat leads to the Spanish language website of offshore FX broker LiteForex, based in the Marshall Islands, liteforex.es. Interestingly, the .cat Internet domain is one of the issues of dispute between the Spanish…
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Continuing its metamorphosis from turnkey brokerage solutions provider to an FX point solutions company, Leverate has announced the launch of a new Cyprus-based regulatory consulting and services operation, called Regyoul8. This of course follows our exclusive coverage from earlier this week of Leverate entering into a cooperation agreement with (former?) FX platform rival MetaQuotes, to…
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Cyprus financial regulator CySEC has issued a notice to all CIF licensed brokers in the EU island country, regarding the targeting of Spain based retail traders. Spain's CNMV is one of the few major EU regulators which has not 'come down hard' on the online trading sector by issuing tighter leverage restrictions, or bans on…
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LeapRate Exclusive... LeapRate has learned from sources in Poland that the country's Ministry of Finance has decided to delay its plans to further limit the Retail FX and CFDs sector in the country. Poland was one of the first EU countries to rein in Retail FX trading, passing a law in July 2015 which set…
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