Pepperstone's Trading Operations in the UK Temporarily Suspended
- Pepperstone has informed clients in the UK that trading activities are temporarily suspended.
Pepperstone, an Australian online retail foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (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 Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term requirements and bonuses, which could be yielding a residual effect on Pepperstone, prompting a temporary suspension of its services.
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Such a move would explain its abrupt cessation of trading for clients as the broker tries to recalibrate its trading activities in line with the new regulations.
Earlier today clients received the following email from Pepperstone: "This email is to let you know that we are temporarily suspending trading in the UK. This trading suspension only affects your trading account and a small number of UK clients registered under Pepperstone Limited, Pepperstone's FCA regulated entity."
Pepperstone, an Australian online retail foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (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 Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term requirements and bonuses, which could be yielding a residual effect on Pepperstone, prompting a temporary suspension of its services.
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Such a move would explain its abrupt cessation of trading for clients as the broker tries to recalibrate its trading activities in line with the new regulations.
Earlier today clients received the following email from Pepperstone: "This email is to let you know that we are temporarily suspending trading in the UK. This trading suspension only affects your trading account and a small number of UK clients registered under Pepperstone Limited, Pepperstone's FCA regulated entity."