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.
CMC Markets mulls moving out of the UK after FCA capped leverage
Dec 23 2016 14:12:06 Jonathan Smith in Brokers
Forexbrokerz.com learned that financial spread-betting and CFD giant CMC Markets is thinking over moving away from the UK after the FCA’s decision to cap leverage to 1:50 and to introduce other restrictive measures to forex and CFD trading.
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.