ASIC Commissioner Cathie Armour said: We have seen a substantial reduction in harm to retail clients resulting from CFDs as a result of ASIC’s product intervention. Commissioner Armour added: Our extension of the product intervention order for five years will ensure that the leverage ratio limits and other protections can continue to reduce the size…
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Additionally, Saxo’s most popular Index CFDs including US500 (S&P 500 Index), USNAS100 (Nasdaq 100 Index) and US30 (Dow Jones Industrial Average) are tradable for longer. They have been extended by 1 hour and 1 minute. The extension allows traders to allowing traders to react to events which occur both before and after the exchanges open…
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Trading opportunities Ashley Jessen, Chief Operating Officer at ACY Securities, commented: Our clients are constantly connected to the markets and have streaming news services flowing through all their devices. As a result, opportunities pop up constantly, and our commitment to our traders is to ensure they can trade all the best opportunities from the one…
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With the addition of 32 additional single stock CFDs from the Singapore Market, Finalto will allow its clients to benefit from the growth potential of the region. Brokers, hedge funds and others of Finalto’s clients will be able to offer these assets to their own clients and in this way increase their value offering and…
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Brendan Callan, CEO of FXCM Group, commented: We are committed to upgrading the trading experiences of our clients, and our new CFD Prime service is the latest in the long line of our innovations designed to do exactly that. We’re harnessing 20 years of experience, as well as leveraging the latest advancements in technology to…
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The Aussie watchdog noted that for the first three months since the order took effect, ASIC has seen significant improvements in key metrics of retail client losses from CFD trading. The regulator stated that retail clients’ net losses from CFD trading decreased 94% of the quarterly average of $372 million in the year prior to…
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Earlier this year, ASIC imposed restriction on CFD trading. In March, the regulator lowered the maximum leverage limit from 500:1 to 30:1. The Aussie watchdog also banned the sale of Binary Options to retail clients for 18 months in May this year, after which time it may be extended or made permanent. As a second…
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FXCM was founded in 1999 and is owned by the Jefferies Financial Group. It is regulated in several jurisdictions by the FCA in the UK, ASIC in Australia, CySEC in the EU and the Financial Sector Conduct Authority in South Africa. The addition of Australian share CFDs adds to its current offering of US, EU…
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In its response, BDSwiss stated: With regards to the FCA announcement and the use of our group website domain, we would like to clarify that all visitors and potential clients are presented with all brand entities and regulators, they are prompted to register under their own jurisdiction, and are even explicitly warned when attempting to…
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Stanislav Kostyukhin, Commercial Owner - Trader, Saxo Bank, said: TradingView is particularly popular amongst Saxo clients in Japan, the United Kingdom, Singapore, Denmark and Australia. We have seen strong interest from clients requesting access to equity products as seen in user reviews and feedback from our Sales teams, and we are very excited to be…
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