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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It was a week of both good and bad Forex Industry News, with the key stories of the week once again appearing only at LeapRate. We also saw quite a lot of financial reports from a variety of brokers from around the world. Also - some good, some not-so-good. Which investor group was granted a…
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Pan-Canadian financial regulator Canadian Securities Administrators (CSA) has announced the implementation of Multilateral Instrument 91-102 Prohibition of Binary Options, which makes it illegal to advertise, offer, sell or otherwise trade binary options shorter than 30 days with any individual. The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the…
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Before we get to our review of this past week's top Forex Industry News stories, we'd once again like to thank our readers for helping LeapRate extend our lead over our competitors, as the most-read Forex Industry news website. With May data now out at leading website visitor tracking services, we're once again pleased to…
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LeapRate Exclusive... LeapRate has learned that online trading industry leader IG Group Holdings plc (LON:IGG) has instituted new policies with regards to Binary Options. Specifically, IG has decided to distance itself from the Binary Options product in most geographies around the world. IG has decided that it will no longer promote binary (and what it now…
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After several months of discussion, a meeting of Israel's Knesset State Control Committee met yesterday to discuss the issue of unregulated binary options brokers operating from the country. Israel outlawed the marketing or trading of binary options to its own residents earlier this year. However many unlicensed brokers remain based in the country which market to…
Read moreThe ban includes products being offered by brokers regulated elsewhere in the EU.
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