Financial media and independent audits for the trading industry
Industry data, regulation and the mechanics of how trading actually works.
A February 2026 statement tells firms that the commercial name of a leveraged derivative is irrelevant. What matters is whether it meets the definition of a CFD, and most perpetuals likely do.
Since 2018, every EU broker selling CFDs to retail clients has worked within the same five rules. Here is what each one does, with a worked example of the margin close-out.
A licence number on a website proves nothing on its own. Six checks, all on regulators' own registers, separate a regulated firm from a clone of one.
The UK's FSCS and Cyprus's ICF protect clients when a firm fails. Neither covers trading losses, and the limits differ by a factor of four.
The grandfathering window for crypto-asset service providers has closed across the EU. Unauthorised firms must wind down, and the protections clients get now depend on exactly which legal entity they deal with.
The CFTC's fraud case against one of the largest prop firms ended in dismissal and sanctions against the regulator. The structural issues it put on the record still define how the industry is judged.
