Exness and Leverate’s VinciCM set default leverage to 1:50 in line with CySEC’s requirements
Jan 30 2017 08:49:15 Jonathan Smith in Brokers
In order to be in line with the new requirements introduced by the Cyprus Securities and Exchange Commission (‘the CySEC’), several Cypriot brokerages announced amendments to their trading conditions.
IG urges its clients to take a stand with regards to FCA’s proposals
Jan 13 2017 08:36:04 Jonathan Smith in Brokers
Major brokerage IG Group (LON:IGG) encourages its clients to share their opinions about the recent proposal from the Financial Conduct Authority (FCA) to raise margin requirements for CFDs and spread betting, among other things.
Banc De Binary shuts down, new EU clients are no longer accepted
Jan 09 2017 15:35:49 Jonathan Smith in Brokers
Update: on January 11, the Cyprus Securities and Exchange Commission officially announced that Banc de Binary renounced its authorization to operate as a Cyprus Investment Firm.
One of the leaders in the binary options trading market, Banc de Binary, closes operations.
Blackwell Global acquires double licenses with Hong Kong’s SFC
Jan 06 2017 09:30:05 Jonathan Smith in Brokers
Pure STP brokerage Blackwell Global has acquired a double license from Hong Kong’s Security and Futures Commission (SFC) and is now allowed to offer both securities and futures trading services.
US forex traders to have greater transparency with respect to execution data
Jan 06 2017 08:34:24 Jonathan Smith in Market
The National Futures Association (NFA), the self-regulatory organization overseeing the activities of the US forex brokers, said its new rules on disclosure of transaction data have been approved by the Commodity Futures Trading Commission (CFTC) and will come into effect as of March 31, 2017.
Grand Capital plans to get CySEC license in 2017
Dec 27 2016 15:21:00 Jonathan Smith in Brokers
In an interview for online media Finance Magnates, Grand Capital’s CEO Stanislav Vaneev disclosed that the future plans of the company for the year 2017 include acquisition of license from the Cyprus Securities and Exchange Commission, among other major changes.
Tickmill expands to Europe with a UK forex license
Nov 10 2016 13:37:21 Stanimir Zhelev in Brokers
Global NDD brokerage Tickmill has officially launched its services in the UK and Europe on Tuesday, as its subsidiary Tmill UK Ltd. acquired a license with the UK Financial Conduct Authority (FCA).
Russia plans binary options regulation
Oct 06 2016 14:21:05 Stanimir Zhelev in Brokers
The Central Bank of Russia (CBR) published and action plan for the financial markets (for 2016-2018) on Thursday, according to which the authority will come up with a stance on the regulation of binary options trading in the country by the end of 2017.
US CFTC approves tighter rules for automated trading
Nov 26 2015 12:03:41 Stanimir Zhelev in Market
The US Commodity Futures Trading Commission (CFTC) has adopted on Tuesday changes to the local regulation, which aim to enhance the regulatory regime for automated trading, to increase transparency and to reduce potential risks arising from algorithmic trading activity.
Russian c-bank to postpone forex trading licensing deadline by a year
Nov 20 2015 14:07:48 Stanimir Zhelev in Market
The Russian central bank has agreed to postpone by a year the deadline for obtaining a license for forex brokers in the country, after being pushed by the requests of forex dealers, Russian news agency Interfax reported, citing Vladimir Chistyukhin, deputy governor of the Bank of Russia.
France’s AMF warns against 11 unauthorized binary options brokers
Nov 19 2015 14:15:08 Stanimir Zhelev in Market
The French financial regulatory body, AMF, has added to its warning list a number of websites that offer binary options trading in the country without being authorized to do so, a notice indicated on Thursday.
Belize financial watchdog IFSC delicenses forex broker MFX Broker Inc
Nov 19 2015 11:55:43 Stanimir Zhelev in Brokers
Belize’s financial regulator, the International Financial Services Commission (IFSC) said earlier this week it has revoked the license of local MFX Broker Inc for acting as a forex trader. The reason for the license revocation is not clear, since the regulator did not explain its decision.
Playtech acquisition of Plus500 may be terminated if not approved by FCA by the end of 2015
Nov 18 2015 16:15:05 Stanimir Zhelev in Brokers
Forex broker Plus500, one of the leading international forex brokers, said on Wednesday it has been informed by gambling platform developer Playtech, which is in process of acquiring the broker’s share capital, that the company still expects the UK’s Financial Conduct Authority (FCA) app...