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 26, 2017 BY LeapRate Staff

Exclusive: Goldman Sachs selling its stake in FX broker CMC Markets after recent share runup

LeapRate Exclusive... LeapRate has learned via regulatory filings that global investment bank Goldman Sachs Group Inc (NYSE:GS) has been steadily selling down its stake in UK based online FX and spread betting broker CMC Markets Plc (LON:CMCX) over the past few weeks. Goldman Sachs has been a long term investor in CMC Markets, and in fact was…

June 14, 2017 BY LeapRate Staff

Exclusive: Betfred launching new offshore Forex and CFDs retail trading platform TradeFred

LeapRate Exclusive... FCA licensed spread betting, Forex and CFD brokers have seen an increasing amount of competition lately, mainly from foreign brokers who come to the UK to get "FCA regulated". These brokers do so in the hopes of landing a foothold in the very lucrative UK market, still the world's highest value market in…

June 04, 2017 BY LeapRate Staff

Forex Industry Week Review: XTrade suspended, offshore FX broker sued, executive moves, and lots more…

It was week involving a number of somewhat severe regulator moves in Forex Industry News at LeapRate. Both the Cypriot and Australian financial regulators suspended / revoked the licenses of Retail Forex brokers. And in the US, an offshore broker was sued for taking US clients, a big no-no in the business. In our continuing…

June 02, 2017 BY LeapRate Staff

Plus500 shares up 9% after strong Revenues and Cash report, $10 million share buyback

Shares of FCA regulated CFD broker Plus500 Ltd (LON:PLUS) traded up sharply on Friday morning, after the company announced a planned $10 million share buyback, strong cash levels, and healthy Revenues growth so far in Q2. First, Plus500 announced that trading activity during Q2 has continued on a positive trend as outlined in Plus500's first quarter…

June 01, 2017 BY LeapRate Staff

IG Group shares rise 5% after issuing rosy Q4-2017 outlook

Shares in UK online trading leader IG Group Holdings plc (LON:IGG) rose by 5% in Wednesday trading, after the company issued a fairly rosy Trading Update for its fiscal fourth quarter of 2017. IG has a May 31 fiscal year end, so the period in question is for the three month period of March-April-May 2017. IG…

May 09, 2017 BY LeapRate Staff

Plus500 statement on BaFin CFD regulation for Germany

FCA regulated Forex and CFD broker Plus500 Ltd (LON:PLUS) has added its voice to the general positive consensus of reaction to the new CFD brokerage and trading regulations put in place by Germany financial regulator BaFin. BaFin finalized new, relatively mild, rules for Forex and CFD brokerage, basically requiring just negative balance protection for German traders. No…

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

May 09, 2017 BY LeapRate Staff

Germany's BaFin confirms 'mild' restrictions on Forex and CFD trading, requiring only negative balance protection

Germany financial regulator BaFin has issued its final set of new rules to govern leveraged Forex and CFD trading, following proposals issued by BaFin back in December. And, much to the chagrin of both Forex and CFD traders in the country, as well as the brokers who serve the German market, BaFin stayed the course…

April 30, 2017 BY LeapRate Staff

Forex Industry Week Review: FX Broker gets CySEC license, XTB revenues plummet, FXCM debt to Leucadia, and lots more…

It was a week dominated by regulatory issues and financial results in Forex Industry News, with the key stories once again appearing first or exclusively at LeapRate. Our most popular guest posts this past week included: CySEC changes to Investor Compensation Fund: what does it mean for Forex brokers and traders? from MAP S.Platis General…

Tag: Plus500 Ltd (LON:PLUS)

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

Exclusive: Goldman Sachs selling its stake in FX broker CMC Markets after recent share runup

Exclusive: Betfred launching new offshore Forex and CFDs retail trading platform TradeFred

Forex Industry Week Review: XTrade suspended, offshore FX broker sued, executive moves, and lots more…

IG Group shares rise 5% after issuing rosy Q4-2017 outlook

Plus500 statement on BaFin CFD regulation for Germany

Germany's BaFin confirms 'mild' restrictions on Forex and CFD trading, requiring only negative balance protection

Forex Industry Week Review: FX Broker gets CySEC license, XTB revenues plummet, FXCM debt to Leucadia, and lots more…

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