FCA survey: Over 55s have lost £32 000 on average to investment scam
Mar 02 2017 14:46:49 Jonathan Smith in Market
UK's senior citizens, or the people above 55 years of age, to be more precise, have lost an average of £32,000 in 2016 to various financial investment scams, shows a survey of UK's Financial Conduct Authority, published as part of its Scam Smart campaign.
Investors in the UK most interested in binary options
Feb 27 2017 10:15:01 Jonathan Smith in Market
It looks like the largest part of UK investors seek information and advice on binary options. Enquiries on binary options make up 17% of all enquiries on investment products at FCA Consumer Contact Centre, while those on forex account for 13%.
Plus500 boasts record revenue, new customers in 2016
Feb 07 2017 10:09:08 Jonathan Smith in Brokers
Plus500, one of the leading European forex and CFD brokers, reported record revenue and numbers of new customers in 2016.
According to the preliminary unaudited report for the year, the broker had a net profit of $117.2 million, up 21% from 2015 and revenues of $327.
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.
FxPro will remain in private hands, abandons plans to list on LSE
Jan 05 2017 07:50:03 Jonathan Smith in Brokers
Major forex broker FxPro said on Wednesday that it had cancelled its plans to list on the London Stock Exchange, as the UK financial watchdog threatened to apply stricter rules for retail forex and CFD trading, sources close to the matter told online media Sky News.