After Brexit, if the UK is smart it will drop all the nonsense ESMA rules imposed on traders. While it's true that limiting leverage protects traders from losing more money than they can really afford it also has the negative effect that it limits our ability to make more money.
Business as usual: GKFX is NOT leaving UK
As last week drew to a close, speculation among industry participants in the UK began to mount that GKFX was preparing to onboard European clients via its Malta-based operations and cease to onboard new clients via its long-established British GKFX entity. Yesterday, I made it clear that GKFX is a force to be reckoned with. It is a very large retail CFD and FX firm, which may well have its origins in strictly regulated Turkey, but has expanded across the United Kingdom, and perhaps more importantly, China. GKFX is a massive market participant in China, and has been for several years. Many of my trips to the offices of medium sized ... (full story)
- Posted: Apr 15, 2019 10:04am
- Submitted by:Category: Forex Industry NewsComments: 3 / Views: 981