FCA UK bans forex bonuses, capping leverage to 1:25
Dec 06 2016 09:44:07 Stanimir Zhelev in Market
It is hardly a surprise that the Financial Conduct Authority (FCA) intends to cap leverage to 1:25 for inexperienced traders and prevent forex brokers from offering any form of trading bonuses or benefits to promote risky CFD products.
FXCM integrates algo trading platform QuantConnect
Dec 05 2016 15:48:14 Stanimir Zhelev in Brokers
Leading US forex brokerage FXCM (NASDAQ:FXCM) announced on Monday it has launched Live Trading Integration with algorithmic trading platform QuantConnect, which is cloud-based. At present, only the broker’s US clients are able to use this service.
CySEC tightens control on forex and binary options brokers in line with ESMA’s guidelines
Dec 05 2016 14:51:10 Stanimir Zhelev in Brokers
The Cyprus Securities and Exchange Commission (CySEC) has issued a circular to Cyprus investment firms, setting some new rules about trading bonuses, maximum leverage and withdrawal time. In its essence, these measures are in line with ESMA’s guideline, published in October.
FxPro hikes margins on European spot indices ahead of Italian referendum
Nov 30 2016 11:21:04 Stanimir Zhelev in Brokers
As the referendum in Italy is approaching, another leading EU broker, FxPro, announced temporary changes in its trading conditions.
Alpari finally gets a Russian forex broker license
Nov 29 2016 12:41:30 Stanimir Zhelev in Brokers
The Russian unit of Alpari group (Alpari Forex) has finally been granted a forex broker license by the Central Bank of Russia (CBR).
IG and ActivTrades hike margins ahead of Italian referendum
Nov 25 2016 13:10:02 Stanimir Zhelev in Brokers
In order to protect their clients from the expected volatility in relation to the forthcoming referendum in Italy, UK-based brokerages IG and ActivTrades announced they are temporarily increasing margin requirements on select instruments.
SpotOption launches binary options trading on MT4
Nov 23 2016 15:31:00 Stanimir Zhelev in Software
Binary options platform provider SpotOption announced the launch of a new MetaTrader 4 plug-in, as well as a new CFD trading platform. The plug-in allows binary options trading on the most popular forex trading platform, MT4.
CMC Markets’ stock drops by more than 5% on unsatisfactory results for H1 2017
Nov 23 2016 14:36:18 Stanimir Zhelev in Brokers
After leading UK forex and spreadbetting brokerage CMC Markets (LON:CMCX) announced overall unsatisfactory Interim results for the six months ended 30 September 2016 on Wednesday, its stock price dropped by more than 5%.
CMC Markets’ stocks traded at GBX 203.
XM acquires a FCA license, commences operations in the UK
Nov 22 2016 14:32:26 Stanimir Zhelev in Brokers
In order to better serve its UK and European clients, forex brokerage XM commences a UK office. According to an announcement on the brokerage’s website, XM UK officially starts business on Tuesday.
FXTM launches web-based MT5 with hedging
Nov 22 2016 13:26:52 Stanimir Zhelev in Brokers
Cypriot forex broker FXTM announced earlier this week that it adds the web-based version of the MetaTrader 5 (MT5) platform to its offering.