crypto CFD ban Discover Forex News Group: the latest behind-the-scenes insight into all the FX executive moves, platform advancements, regulatory changes, broker results and volumes

Saxo Bank trading volumes tank in April, FX down 27%

Saxo Bank has plans to soon launch crypto CFD trading in certain jurisdictions where it operates, such as Australia and Singapore.

The move is being made in concert with new rules in the UK being introduced by the FCA to ban all crypto CFDs for retail traders.

This week’s FX industry news as well as the discussion on FNG was dominated by one main topic – the FCA’s cryptocurrency CFD ban.

The just-finished six month period was CMC’s best ever, by a wide margin. So whay are CMCX shares trading down 2%?