Leveraged foreign exchange trading exemption

Governs the regulation of activities and institutions in the securities and derivatives industry, including leveraged foreign exchange trading of financial  From Beginner to Experienced Day Trader, we help you achieve financial freedom. Call Learn to Trade on 02 8412 6000 & Learn Forex & Currency Trading.

Trading / broking index or commodities futures for clients; Buying / selling futures contracts for clients; Type 3: Leveraged foreign exchange trading: Buying / selling foreign exchange for clients on a margin basis Type 4 Advising on securities Giving investment advice to clients relating to the sale / purchase of securities Leverage is widely used throughout the global markets, not just to acquire physical assets like real estate or automobiles, but also to trade financial assets such as equities and foreign exchange Securities and Futures (Leveraged Foreign Exchange Trading---Exemption) Rules (Made by the Securities and Futures Commission under section 397(1) of the Securities and Futures Ordinance (Cap. 571)) 1. Commencement These Rules shall come into operation on the day appointed for the commencement of the Securities and Futures Ordinance (Cap. 571). 2. Margin and leverage are among the most important concepts to understand when trading forex. These essential tools allow forex traders to control trading positions that are substantially greater in size than would be the case without the use of these tools. At the most fundamental level, margin is the amount of money in a trader's account that is required as a deposit in order to open and rules, codes of conduct and guidance notes related to leveraged foreign exchange trading. Paper 2 tests the practical knowledge about the development, operations and practices of the foreign exchange market, market analysis and risk involved in leveraged foreign exchange trading.

This Guideline supersedes the Guideline issued in July 1995 on the subject of leveraged foreign exchange trading. The only revision relates to paragraph 4(b) (with consequential change to paragraph 4(d)), where the specified amount has been raised from $500,000 to $750,000.

This Guideline supersedes the Guideline issued in July 1995 on the subject of leveraged foreign exchange trading. The only revision relates to paragraph 4(b) (with consequential change to paragraph 4(d)), where the specified amount has been raised from $500,000 to $750,000. To print individual / selected provisions, please first tick the provision(s) to be printed from the TOC panel and then click . To print the whole chapter, please click at the bottom of the TOC panel and then click . Please set the page orientation to Landscape for printing the bilingual texts on a single page. Leverage is activated through a loan that is provided to an investor by the broker that is handling the investor’s or trader’s forex account. When a trader decides to trade in the forex market, he or she must first open a margin account with a forex broker. Securities and Futures (Leveraged Foreign Exchange Trading Exemption) Rules (Cap. 571 sub. leg. E) Contents Section Page 1. (Omitted as spent) 2 2. Interpretation 2 3. Persons prescribed for purposes of paragraph [LLL RIGH¿QLWLRQRI leveraged foreign exchange trading 2 4. Person referred to in section 3(a) 4 5. Person referred to in section 3(b) 6 6. leveraged foreign exchange trading, including the making of unsolicited calls in connection with leveraged foreign exchange trading as well as the appraisal of customers in this regard . Classification A statutory guideline issued by the MA under the Banking Ordinance, §7(3) Previous guidelines superseded

This Guideline supersedes the Guideline issued in July 1995 on the subject of leveraged foreign exchange trading. The only revision relates to paragraph 4(b) (with consequential change to paragraph 4(d)), where the specified amount has been raised from $500,000 to $750,000.

rules, codes of conduct and guidance notes related to leveraged foreign exchange trading. Paper 2 tests the practical knowledge about the development, operations and practices of the foreign exchange market, market analysis and risk involved in leveraged foreign exchange trading. Sets out the margin requirements in respect of contracts for differences and spot foreign exchange contracts for the purposes of leveraged foreign exchange trading for banks, merchant banks and finance companies. 3. —(1) Subject to paragraph (2), an exempt financial institution dealing in contracts for differences or spot foreign exchange contracts for the purpose of leveraged exchange trading must obtain from its customers margin that meets the minimum margin requirements in respect of each contract for differences or spot foreign exchange contract for the purpose of leveraged exchange trading (as that are excluded from the definition of “leveraged foreign exchange trading” in Part 2 of Schedule 5 to the Securities and Futures Ordinance (SFO) (5 of 2002). Proposal 2. The SFC proposes to make the Securities and Futures (Leveraged Foreign Exchange Trading - Exemption) Rules, now in draft at Annex 1, under section 397(1) of the SFO. A broker-dealer which is licensed to conduct product financing or which offers contracts for differences or spot foreign exchange contracts for the purposes of leveraged foreign exchange trading is required to collect margins from the investors. Corporate finance adviser: The base capital requirement is S$250,000. Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. The CFTC wants leveraged trading transactions for American retail traders conducted on-exchange so the exchange may act as the counterparty to both buyer and seller, who otherwise do not know each

Trading / broking index or commodities futures for clients; Buying / selling futures contracts for clients; Type 3: Leveraged foreign exchange trading: Buying / selling foreign exchange for clients on a margin basis Type 4 Advising on securities Giving investment advice to clients relating to the sale / purchase of securities

BANK OF SINGAPORE LIMITED. Incorporated in Singapore. Licence Type/Status. Exempt Capital Markets Services Entity. Fund Management Spot Foreign Exchange Contracts for the Purposes of Leveraged Foreign Exchange Trading Spot Foreign Exchange Contracts other than for the Purposes of Leveraged Foreign Exchange Trading whose principal business is not in leveraged foreign exchange spot transactions or the average principal amount of each such transaction entered into by the corporation, calculated for each financial year of the corporation, is not less than HK$7.8 million (Section 3 Securities and Futures (Leveraged Foreign Exchange Trading – Exemption) Rules) TYPE 3: LEVERAGED FOREIGN EXCHANGE TRADING ‘Leveraged foreign exchange trading’ means: i. entering into or offering to enter into, or inducing or attempting to induce a person to enter into or to offer to enter into, a leveraged foreign exchange contract; ii. providing any financial accommodation to facilitate foreign exchange trading Trading / broking index or commodities futures for clients; Buying / selling futures contracts for clients; Type 3: Leveraged foreign exchange trading: Buying / selling foreign exchange for clients on a margin basis Type 4 Advising on securities Giving investment advice to clients relating to the sale / purchase of securities Leverage is widely used throughout the global markets, not just to acquire physical assets like real estate or automobiles, but also to trade financial assets such as equities and foreign exchange

Find out how FX markets work and what forex trading involves. to know about forex, including what it is, how you trade it and how leverage in forex works.

Margin and leverage are among the most important concepts to understand when trading forex. These essential tools allow forex traders to control trading positions that are substantially greater in size than would be the case without the use of these tools. At the most fundamental level, margin is the amount of money in a trader's account that is required as a deposit in order to open and rules, codes of conduct and guidance notes related to leveraged foreign exchange trading. Paper 2 tests the practical knowledge about the development, operations and practices of the foreign exchange market, market analysis and risk involved in leveraged foreign exchange trading. Sets out the margin requirements in respect of contracts for differences and spot foreign exchange contracts for the purposes of leveraged foreign exchange trading for banks, merchant banks and finance companies.

24 Jan 2020 1.2. Statutory exemption from the Securities and Futures. Ordinance. 2. Conduct of leveraged foreign exchange trading activities. 2.1. General