Pepperstone’s Trading Operations in the UK Temporarily Suspended

[kreslik.news]

Pepperstone, an Australian online retail foreign exchange (FX) broker, has suspended trading across its UK trading arm, Pepperstone Limited, immediately halting operations for clients, according to a company notice.

The development follows on the heels of a period of sweeping changes in the UK for FX brokers, as dictated by its principle regulator, the Financial Conduct Authority (FCA). Late last year, the FCA announced a wide range of changes to leverage requirements and bonuses, which could be yielding a residual effect on Pepperstone, prompting a temporary suspension of its services.


Such a move would explain its ... (read more)