Russia Goes After Unregulated Firms and Germany Demands Balance Protection – Best of the Week
Posted: Sat May 13, 2017 8:00 am
This week some of the biggest stories in the online currency trading industry involved new actions to protect retail clients by regulators in Russia and Germany.
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German protection
On Monday the news broke that the German regulator decided to use the ‘intervention option’ to protect retail clients from negative balances. BaFin’s Executive Director, Elisabeth Roegele, said: “By restricting trading in CFDs we are making use for the first time of the product intervention option.”
A number of brokers, including CMC Markets, IG Group, and Plus500, soon announced that ... (read more)