Germany financial regulator BaFin has issued its final set of new rules to govern leveraged Forex and CFD trading, following proposals issued by BaFin back in December. And, much to the chagrin of both Forex and CFD traders in the country, as well as the brokers who serve the German market, BaFin stayed the course…
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Retail Forex broker FxPro has abandoned plans for a London stock market flotation as a result of the UK regulator's plan to crackdown on the growing financial spread betting market, Sky News reported earlier. FxPro has tens of thousands of UK clients but the sector received an unexpected blow in December when the Financial Conduct…
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Forex Industry News at LeapRate was headlined by regulator moves which are clearly going to alter the online trading industry landscape, if not change it altogether. Following news that Cyprus regulator CySEC is proposing to ban bonus payments to retail traders and put a soft cap on leverage - news which was first reported exclusively at…
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Leading CFD brokers Plus500 Ltd (LON:PLUS) and CMC Markets Plc (LON:CMCX) have each issued statements in response to yesterday’s new directives from German financial regulator BaFin on CFD trading. In summary, each of Plus500 and CMC Markets stated that they welcomed BaFin's moves. Both Plus500 and CMC Markets stated that they already provide negative balance…
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UK online trading leader IG Group Holdings plc (LON:IGG) issued a brief response to yesterday's new directives from German financial regulator BaFin on CFD trading. The IG press release on the matter reads as follow: 08 December 2016 IG GROUP HOLDINGS PLC Response to BaFin Announcement regarding CFDs IG Group ("IG", "the Company"), a global leader…
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Germany's financial regulator Bundesanstalt für Finanzdienstleistungsaufsicht (or just 'BaFin') has announced new regulations governing leveraged CFD trading. BaFin's actions come just two days after UK regulator the FCA dropped a bombshell by proposing new rules limiting leverage on Forex and CFDs to 50x, and banning bonus payment inducements to retail traders. The FCA's actions sent…
Read moreThrough the MoU, the CFTC and the BaFin and Bundesbank express their willingness to cooperate in the interest of fulfilling their respective regulatory mandates with respect to cross-border clearing organizations. The U.S. Commodity Futures Trading Commission (CFTC) announced today that CFTC Chairman Timothy Massad signed a Memorandum of Understanding (MOU) with the Bundesanstalt für Finanzdienstleistungsaufsicht…
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Read more"We have found individual cases, which are anything but reassuring. These are criminal acts could have been allowed to come about because checks have failed" - Raimund Roeseler, Chief Executive Director Banking Supervision, BaFin
Read moreCommerzbank has suspended two traders under suspicion of having tried to manipulate the Polish zloty's euro exchange rate in regular trading, the bank said on Wednesday.
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