The European Securities and Markets Authority (ESMA), the EU’s securities markets’ regulator, has published a statement addressed to providers marketing, distributing or selling contracts for difference (CFDs) to retail clients. The statement is in response to various practices and situations observed in the market, which raise concerns of non-compliance with the legal requirements applicable when...

The marketing, distribution, and sale of binary options to retail clients will remain prohibited in Germany. This is set out in a general administrative act issued by BaFin in response to the expiry of the product intervention measure imposed by the European Securities and Markets Authority (ESMA). In particular, BaFin sees risks and thus considerable investor...

The Central Bank has announced that it will ban the sale of binary options to retail investors and restrict the sale of contracts for difference (CFDs) to retail investors. This will be the first time that the Central Bank uses its product intervention powers introduced in 2018, which allow it to prohibit or restrict the...

MultiBank Group, a leading online trading brokerage, has announced its acquisition of AETOS Capital Group Pty Ltd which is based in mainland China operations. The purchase is to include the transfer of AETOS’s tens of thousands of traders to trade with the MultiBank Group brand. Previous AETOS traders will trade under a new division of...

The Financial Conduct Authority (FCA) has confirmed that it is recognising the following voluntary market codes of best practice under its codes recognition scheme. FX Global Code – maintained and updated by the Global Foreign Exchange Committee, this Code sets global principles of good practice standards in the foreign exchange (FX) market, promoting the integrity...

Sheffield United unveiled the largest-ever commercial transaction in the club's history.  The Australian headquartered global multi-asset broker, USG, has agreed on a three-year term Premier League principal partnership with the Blades to become front of shirt and sleeve sponsor. It is a significant financial boost recognizing United's place at the highest level of the English game...

Consob introduced in Italy on a permanent basis - pursuant to Article 42 of the EU Regulation on financial instruments markets (MiFIR) and of art. 7-bis of the Consolidated Law on Finance - intervention measures to protect retail investors similar to those already adopted by the ESMA, the European Authority for Financial Instruments and Markets,...

The FCA (Financial Conduct Authority) recently published its first annual Perimeter Report, in which it comments on the limits of its responsibilities towards the UK citizens. The perimeter is basically the legal boundary determining what the FCA regulates (and therefore also what it does not regulate). In the report, the FCA says it might push...

The Financial Conduct Authority (FCA) and Action Fraud are warning the public to be wary of investment scams carried out via bogus online trading platforms. This warning comes as cryptoassests (crypto) and forex investment scams reports more than tripled last year to over 1,800. Fraudsters promise high returns from investments in crypto and forex, with...

Argentex , a foreign currency exchange service provider has teamed up with Professional Cricketers Association. PCA is the representative body of past and present-day first-class cricketers in England and Wales. English cricket is going to have a busy schedule for this summer with ICC World Cup 2019 and Ashes Series coming up. The partnership will...