ASIC to completely ban binary options and restrict CFDs sale LeapRate

August 22, 2019 BY Valentina Kirilova

ASIC to completely ban binary options and restrict CFDs sale

Australian regulator ASIC have once again expressed their concern regarding consumers who trade binary options. According to the regulator, consumers continue to suffer significant harm from trading these products, despite the regulatory measures taken so far. The main notable points in ASIC's latest consultation paper are: Leverage restrictions of maximum 1:20 Imposed margin closeout level…

April 22, 2019 BY Valentina Kirilova

The Dutch AFM bans binary options and restricts sales of CFDs

The Dutch Financial Markets Authority (AFM) has announced that it has taken national measures mirroring ESMA’s last year restrictions. The AFM will prohibit Binary Options and restrict the marketing, distribution or sale of CFD to retail investors. LeapRate reminds that the new rules, formalized by ESMA in late March, came into effect: Binary Options – from…

Principal of binary options trading firm fined $200,000 for illegal off-exchange trading

March 29, 2019 BY Valentina Kirilova

The permanent ban on the sale of binary options to retail consumers confirmed by the FCA

The UK Financial Conduct Authority (FCA) has just confirmed that all companies acting in or from the United Kingdom are prohibited from selling, marketing or distributing binary options to retail consumers. Back in January 2018, the regulator has urged the public to be vigilant to the threat of online investment fraud, revealing that last year investors…

November 09, 2018 BY LeapRate Staff

ESMA re-extends binary options trading ban to April 2019

For the second time since first introducing a three-month ban on offering binary options trading to retail clients in the EU in July 2018, European financial regulator ESMA has extended the ban for a further three months. The current ban is set to lapse on January 1, 2019. The three month extension takes the ban…

August 24, 2018 BY LeapRate Staff

ESMA extends binary options trading ban into 2019

Just halfway through its initial three month ban on offering binary options trading products in the EU, pan European financial regulator ESMA has announced that it will be extending the ban for a further three months. The initial temporary ban was finalized in March and came into effect on July 2, running through to October…

June 06, 2018 BY LeapRate Staff

ESMA Q1-2018 securities market Risk Dashboard cites ICOs, Binary Options and CFDs

Pan-European financial regulator European Securities and Markets Authority (ESMA) has issued today the latest iteration of its Risk Dashboard, covering risks in the EU’s securities markets for Q1-2018. Overall, ESMA stated that its overall risk assessment remains unchanged from Q4-2017, at high levels. ESMA said that it remains concerned about risks posed to investors, which have…

June 04, 2018 BY LeapRate Staff

CySEC: ESMA CFD leverage restrictions also apply to non EU clients

Cyprus financial regulator CySEC has issued a clarification circular (see full text below) following numerous inquiries it received in the wake of ESMA's plans to move forward with new, restrictive rules governing online brokers. ESMA's new rules - finalized in late March and set (just as of last week) to come into effect in two…

June 03, 2018 BY LeapRate Staff

FX Industry Week Review: 360T buys GTX, Binary Option ban date set, LCG CEO resigns, and lots more

This week in Forex Industry News at LeapRate... How much did GAIN Capital sell its institutional FX unit GTX for? On which dates do the ESMA binary options ban, and CFD leverage cap, kick in? Who's the new CEO at London Capital Group? Why is Playtech's Markets.com launching a new brand called MarketsX? What warning…

June 01, 2018 BY LeapRate Staff

ESMA sets dates for Binary Options ban and CFD leverage cap

Pan European financial regulator ESMA has announced the dates from which it will enforce new rules governing online trading and brokerage. We would note, however, that the new rules - banning Binary Options in the EU and restricting leverage on CFDs as outlined in more detail below - are temporary and will only be in…

March 29, 2018 BY Valentina Kirilova

Saxo Bank on ESMA’s leverage restrictions: 'fair and proportionate'

Following IG Group Holdings plc (LON:IGG) and Plus500 Ltd (LON:PLUS)'s recent reactions, Copenhagen based multi asset broker Saxo Bank has also spoken, 'strongly' welcoming ESMA’s leverage restrictions. The measures include caps on leverage which Saxo Bank considers fair and proportionate. Saxo Bank expects these measures to be positive for clients and result in a more level…

Tag: binary options ban