ASIC issues DDO stop order against Mitrade Global
ASIC has issued an interim stop order preventing Mitrade Global from dealing in CFDs or margin FX to retail investors.
ASIC has issued an interim stop order preventing Mitrade Global from dealing in CFDs or margin FX to retail investors.
Due to the current situation, eToro is reducing the leverage available for new positions in the banking sector.
Vantage noted that earnings season is expected to begin around mid-January and run through the end of February.
ASIC observed significant improvements in key metrics and indicators of retail client detriment from CFD trading under the new rules.
Admiral Markets changed a range of stock CFD terms including type of instrument offered, portfolio size limits, leverage, and commissions.
Competition has increased significantly over the past 12 months in the UK between CFD (or “Forex”) and shares brokers.
Dukascopy takes back the leverage on Index CFDs and Gold (XAU/USD) back to its usual level of 1:50.
Leverage restrictions in Australia will now be in line with those already existing in Europe since August 2018.
Dukascopy usually offers up to 100x leverage under normal market conditions.
For the second time in three weeks the big FX industry news story dominating the headlines was regulator action.