Cryptocurrency CFDs require license, but not cryptos themselves: FCA LeapRate

April 09, 2018 BY LeapRate Staff

Cryptocurrency CFDs require license, but not cryptos themselves: FCA

UK financial regulator the FCA has issued an interesting statement indicating that while cryptocurrencies are not currently regulated by the FCA, crypto derivatives - including cryptocurrency CFDs - are. According to the FCA, cryptocurrency derivatives are defined as being "financial instruments" under the Markets in Financial Instruments Directive II (MiFID II), even though the FCA does…

March 16, 2018 BY LeapRate Staff

CMC Markets adds crypto CFDs and Spread Betting - but not for Retail clients

Better late than never. Long after most of its UK online trading rivals launched cryptocurrency trading, CMC Markets Plc (LON:CMCX) has announced that it will launch CFD and spread betting on the original bitcoin and ethereum cryptocurrencies paired against the US dollar. However, the crypto offering will only be available at CMC (at least initially) to its…

February 22, 2018 BY LeapRate Staff

France bans ads for cryptocurrency CFDs

France's financial regulator Autorité des marchés financiers (AMF) has issued an opinion that it considers that the offer of cryptocurrency derivatives -i.e., CFDs on cryptocurrencies such as Bitcoin and Ripple - requires authorisation and that it is prohibited to advertise such offer via electronic means. Essentially, by defining crypto CFDs as 'derivatives', the advertising of…

February 05, 2018 BY LeapRate Staff

ESMA received 'unprecedented volume' of thousands of responses to CFD rule proposals

Will ESMA change its mind? While all formal indications to date indicate that ESMA plans to carry through with its new rules governing online trading - including a 30x leverage cap on CFDs - insiders within ESMA have admitted that the pan-European regulator has seen a virtual deluge of responses to its proposals, numbering in…

January 18, 2018 BY LeapRate Staff

ESMA moves forward with CFD trading rules, considers Crypto 5x leverage limit

Exactly a month after dropping its bombshell proposal of a hard 30x cap on CFD leverage, European pan financial regulatory body ESMA has taken the next step in enacting its proposals by formally opening a 'call for evidence' from the public and affected parties to give formal feedback on its proposals. The consultation period will…

January 12, 2018 BY LeapRate Staff

Swissquote announces positive earnings surprise for 2017 driven by Cryptocurrency trading

Swiss online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN) has announced that it will report better-than-expected results for the second half of 2017 (when final results are released in early March). The driver - cryptocurrency trading. Swissquote was the first European online bank to introduce Bitcoin CFDs in mid 2017 as well as trading…

January 03, 2018 BY LeapRate Staff

Plus500 sees record Revenues in Q4 as cryptocurrency CFD trading takes off

Leading online CFDs broker Plus500 Ltd (LON:PLUS) has issued its Trading Update for the end of 2017, indicating that the company will report a record quarter for Q4 in terms of Revenues. We would remind our readers that in Q3 Plus500 reported what we called a 'monster' quarter, with then-best-ever Revenues of $116.5 million, EBITDA of…

December 28, 2017 BY LeapRate Staff

RoboForex rebrands to RoboMarkets as crypto trading focus increases

Limassol, Cyprus based Retail FX broker RoboForex has announced that it is rebranding under the new name RoboMarkets. Alongside the brand name change, the company has changed its corporate name from RoboForex (CY) Ltd to Robomarkets Ltd, which is now the official holder of the company's CySEC CIF license. The group also operates offshore Retail FX…

November 14, 2017 BY Valentina Kirilova

FCA issues warning about the risks of investing in cryptocurrency CFDs

The UK Financial Conduct Authority (FCA) has just issued a warning about the risks of investing in cryptocurrency CFDs. The complete text of the regulator's warning can be seen below: Contracts for differences (CFDs), including financial spread bets, with cryptocurrencies as the underlying investment are increasingly being marketed to consumers. These products are extremely high-risk,…

October 31, 2017 BY Valentina Kirilova

FXTM offers MetaTrader 4 traders Cryptocurrency CFDs: BTC/USD, ETH/USD, LTC/USD

Retail forex broker FXTM just informed that it now offers clients the opportunity to trade CFDs on Bitcoin, Ethereum and Litecoin against the US dollar (BTC/USD, ETH/USD, LTC/USD). The launch of this product coincides with a recent surge in demand for digital currencies. The implementation of Bitcoin's SegWit2x solution on the 1st August, designed to…

Tag: Cryptocurrency CFDs