Shares of retail foreign exchange and CFDs brokers and spread betting providers are taking it on the chin this morning – the Financial Conduct Authority (FCA) announced that it is limiting leverage for retail traders to 1:50 and to 1:25 for novice clients that have less than 12 months of experience trading the markets.
Plus500 shares have shed close to 40 percent at the open, while CMC Markets and IG Group were lower by over 20 percent at the time of the opening of the London Stock Exchange. ... (read more)