Announcement
Collapse
No announcement yet.
Forex, Markets, Macro Economic News Discussion.
Collapse
X
-
Some of the largest regulated forex brokerages in the world have expressed their general support for the intentions of the European Securities and Markets Authority (ESMA) to impose new restrictions on the industry in order to better protect retail clients, but also voiced their concerns.
Last Friday ESMA issued an interim update, in which it outlines its intentions to cap the leverage on forex and CFDs to anything between 1:5 and 1:30, depending on the volatility of the underlying product. Additionally, ESMA is planning a blanket ban on the distribution and marketing of binary options products across the EU.
Comment
-
-
is offering financial services to UK clients without the necessary authorization and that it may be a scam.
According to the FCA, the company has an address in Bucharest, Romania and in UK.
The company itself claims it is owned by Redfield Markets ltd, with the same UK address as that of Tradeplus Solutions. Usually such changes of company and brand names are an almost certain sign that this is a scam, trying to rip off unsuspecting clients.
Comment
-
The European Securities and Markets Authority (ESMA) announced three-month ban on the marketing, distribution or sale of binary options to retail investors and a set of restrictions on CFDs offered to the same type of clients.
The restrictions on CFDs include leverage limits on opening positions; a margin close out rule on a per account basis; a negative balance protection on a per account basis; preventing the use of incentives by a CFD provider; and a standardized risk warning.
To be more precise, the leverage limits on the opening of a position by a retail clients will range from 1:30 to 1:2, depending on the underlying asset.
Comment
-
Google updated its developer policies and banned binary options apps from the Google Play Store for Android devices previous week. The online giant's move is what seems the final nail in the coffin for these controversial fiancial instruments with huge scam potential. In comparison, Apple banned these apps for iOS devices back in June 2017.
Comment
-
-
Comment