GAIN Capital Adds to Broker Worries About Low Maximum Leverage

[kreslik.news]

The parent company of Forex.com and City Index, GAIN Capital, has announced the market open in the US, outlining its concerns about new upcoming ESMA regulations. On Friday, the supranational authority in the EU issued a communique highlighting that it is considering, among other measures, to cap maximum leverage at 1:30.

The news prompted a response from publicly listed companies in the UK today, with all CMC Markets, IG Group, and Plus500. The firms highlighted a series of issues with the proposed regulatory framework with IG Group focusing on the same point that GAIN Capital is – ... (read more)