Darwinex Elaborates on a Major Issue Facing FCA-Regulated Brokers
Posted: Sun Apr 22, 2018 11:41 am
In a blog post which is addressed to the Independent Trader Movement, which is how Darwinex calls the community of traders using the brokerage’s services to trade the markets, the senior leadership of the company shares some industry-wide important thoughts.
Since the publication of the ESMA’s message to brokers about the upcoming changes to the regulatory framework in the EU, FCA-regulated brokers have been informed by the watchdog that they might have to seek a more expensive license.
The €730K license will ensure that brokers will have enough capital to secure negative balance protection to their clients, a requirement for all brokers ... (read more)