ESMA’s rulings for European brokerages are an emulation of the US six years ago. Brokerages are reliant on IBs, and this structure is vital, however staying compliant and using proper IBs is now a massive reality. In America, IBs need to be NFA regulated and have ‘trained’ their high quality client bases to expect sustainable trading environments. Time to explore relationships with American IBs? We think so.
Week in Review
This year is turning out to be a very difficult one for brokers.
Leverage restrictions, binary bans, Google and Facebook ad blocking: Time to raise all standards. FinanceFeeds Analysis
From past experience, leverage restrictions do not affect high quality regions with good firms, and their client base just gets better. This new ruling signals the reason why small to medium firms now need to adopt a good quality approach and get away from the old CPA, digital marketing, lead buying and churning models. Customer deposits will go up and reliance on offline relationships will be paramount. Here is our incisive opinion
IG expects that its revenue in FY19 will be lower than that expected in FY18, mainly because of the impact of the regulatory changes in the UK and EU.
FCA set to consult on whether to apply on permanent basis ESMA’s restrictions on CFDs, binary options
In a brief comment to the measures outlined by ESMA, the FCA says it is supportive of the proposals.
Leverage for CFDs will vary from 2x to 30x depending on the underlying, with the strictest leverage cap to be applied to cryptocurrency CFDs.
Matching top IBs to your brokerage: FinanceFeeds China hosts 50 senior level IBs in exclusive symposium in Shanghai
An exclusive audience of top level Chinese IBs were hosted by FinanceFeeds this weekend in Shanghai. Here is the full report
A fraudster, presenting himself as Mr Villard, has been contacting French savers and claims to be mandated by the AMF to help them recover sums they invested on a binary options platform.
FinanceFeeds scrutinizes Maryland District Court filings in the case brought by the USA against Lee Elbaz, the CEO of notorious binary options call center Yukom Communications.
America’s professional trading platform goes international, courts the retail trader. Interview with TradeStation President John Bartleman
Discerning retail traders are no longer hampered by having to resort to b-book retail shops with inflexible also-ran and marketing-led services, but can, from the comfort of their own living room or whilst on the move, now genuinely emulate the professional trader. We go to Plantation, Florida to meet John Bartleman, President of TradeStation to discuss the company’s move toward a wider audience, complete trading environment modernization and the encompassing of retail traders by one of the world’s most esteemed professional platforms
London-based Brad Alexander is CEO of FXLarge, www.fxlarge.com, a content provider whose clients are retail forex brokers and educators who are…
The “black list” includes 15 website addresses, as entities are either unaware of or are ignoring their obligations under the Sapin II law and MiFID.
The Joint Special Administrators are also seeking an Order that the balance of funds available for distribution will be transferred to the Insolvency Service.
The banks generally agreed with the FCA that becoming a LIBOR contributor implies a one-off cost of around £3.5 million.
Capital controls coming to Israel? If your broker banks with an Israeli bank, now is the time to move it abroad – Op Ed
Israeli banks are asking entities owned by dual-nationals and also dual-nationals themselves to hand over all of their details from overseas or face having their accounts blocked. We investigated this in full and what to do if you are an FX firm or technology provider with operations in Israel.
The reorganized company has advised K&S that in early March it had approximately $3,122,000 of cash on hand or in deposit.
Google has received a CFTC subpoena for information related to 24option’s account in a case about prohibited off-exchange binary options transactions – the binary options firm wants the subpoena quashed.
The Forex licensing activity of the Russian “megaregulator” last year can be summarized as follows: two license applications granted, and two – rejected.
The balance in the account that the trustee has secured as of March 6, 2018, is JPY 44.17 billion, i.e., an increase of approximately JPY 42.96 billion from the time of the 9th creditors’ meeting.