FCA delays FX and CFD leverage rules after ESMA decides to review the industry LeapRate

June 29, 2017 BY LeapRate Staff

FCA delays FX and CFD leverage rules after ESMA decides to review the industry

UK regulator the Financial Conduct Authority (FCA) has dropped another bombshell. After shocking the Forex and CFD brokerage sectors in December with surprise proposals to rein in leverage and bonus payments to retail clients, the FCA today announced that it will be delaying the finalization of its proposals now that pan-European regulator ESMA announced that…

June 22, 2017 BY LeapRate Staff

Saxo Bank leaves UK CFD and FX Association in dispute over FCA leverage proposals

Copenhagen based multi asset broker Saxo Bank has announced that its FCA regulated arm, Saxo Capital Markets UK Limited, is pulling out of the UK CFD and FX Association, a margin trading industry group. While not giving a specific reason, LeapRate has learned that Saxo is leaving the association in a dispute with the other members…

March 08, 2017 BY LeapRate Staff

FCA gets more than 4,000 submissions on Forex and CFD leverage / bonus rule proposals

Given the large response, the FCA will take more time than expected in finalizing the new rules.

February 09, 2017 BY LeapRate Staff

FCA holds secret roundtable with Forex and CFD brokers on leverage and bonus issues - LeapRate Exclusive

LeapRate Exclusive... LeapRate has learned that a secret, invitation-only meeting was held yesterday in London between the FCA and senior representatives from several of the leading regulated Forex and CFD brokers in the UK. The meeting was meant to help clear the air between the regulator and the brokers regarding the way the FCA 'surprised'…

December 20, 2016 BY LeapRate Staff

Saxo Bank on CFD rule changes: we're not dependent on clients trading with high leverage...

LeapRate Exclusive... LeapRate has received a formal statement from multi-asset broker Saxo Bank on the FCA's recently announced rule change to CFD brokerage and trading. The statement is courtesy of Matteo Cassina, CEO of Saxo Capital Markets UK, the FCA regulated arm of the Copenhagen based broker. Mr. Cassina also acts as Global Head of Sales…

December 20, 2016 BY LeapRate Staff

Fidelity sells stake in CMC Markets to below 5% after FCA's CFD rules change

It looks like Fidelity Investments isn't waiting for the big bounceback in shares of UK online brokers, following the $2 billion+ market cap hit taken by publicly traded brokers in the wake of the FCA's recent tightening of rules around CFD brokerage and trading. It was indicated in a recent regulatory filing that the US investment…

December 13, 2016 BY LeapRate Staff

Odey continues to believe in Plus500, stake now above 23%

UK investment manager Odey Asset Management LLP has continued to buy shares of FCA regulated CFD broker Plus500 Ltd (LON:PLUS), building its stake as Plus500's largest shareholder to a more than 23% interest in the company. Odey began buying Plus500 shares early last week in the wake of Plus500's 28% share price drop, following revelations that…

December 12, 2016 BY LeapRate Staff

IG Group CEO Peter Hetheringon attacks FCA's new CFD rules: I’m not sure this really helped

In remarks fairly critical of the FCA's new rules banning bonus payments to retail traders and limiting trading leverage to 50x, IG Group Holdings plc (LON:IGG) CEO Peter Hetherington questioned the logic behind the FCA's moves, and what the likely fallout will be. While discussing what last week was like with UK newspaper The Telegraph in an…

December 11, 2016 BY LeapRate Staff

Forex Industry Week Review: CFD regulation, new SpotOption CEO, FXCH fundraising, Gain Capital Payments CEO quits, and lots more…

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…

Germany's BaFin maintains restrictions on retail trading with financial CFDs

December 08, 2016 BY LeapRate Staff

Germany regulator BaFin requiring negative balance protection for CFD trading

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…

Tag: FCA bonus ban