Breaking: Saxo Capital Markets leaves UK CFD and FX Association

[kreslik.news]

Saxo Capital Markets Limited UK has officially announced that the company is leaving the the UK CFD and FX Association. The decision of the UK subsidiary of Saxo Bank is dictated by the company’s disagreement with the position of the industry body that has been created to establish a unified front in defending the interests of the industry.

According to the company, the UK Financial Conduct Authority’s position on providing access to margin products for retail clients is adequate. Saxo Capital Markets is outlining that the proposed caps on leverage and enhanced transparency are appropriate changes necessary to ensure the protection ... (read more)