What Is FCA Licence IFPRU €730k?

IFPRU €730k investment firms (where IFPRU refers to the prudential sourcebook for investment firms) are authorised to deal for own account in any investment instrument. This gives the firm added flexibility without the matched limitations.

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Full-scope IFPRU €730k firm status is given to firms based in the UK, with own base funds of €730,000 (roughly $820,00), that must adhere to both the European Securities and Markets Authority’s (ESMA) Markets in Financial Instruments Directive and FCA regulations. Such firms are also subject to IFPRU 11 and are required to submit recovery plans to the FCA on a regular basis.

As Finance Magnates reported earlier, the FCA was considering forcing straight-through processing (STP) brokers to upgrade their licenses to those of full market makers. This is necessary to ensure that the companies manage to cover negative balances resulting from prospective client losses due to unexpected market moves.

So how to check a forex broker in FCA official website?

 

Information of this article contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. CPT Markets does not accept any liability whatsoever for any loss arising from any use of this article or its contents. This article is not construed as an offer to sell or solicitation of any offer to buy any of the currencies referred to in this article.

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Editors’ Picks

Euro rolling into the Asian session flirting with the 1.1000 handle

The common currency, on the daily chart, is trading in a bear trend below its main daily simple moving averages (DSMAs). On Tuesday, the market will pay attention to the German ZEW survey.

EUR/USD News

GBP/USD: Bearish MACD highlights 2-week-old support-line for sellers

Following its pullback from 1.2507, GBP/USD has been on the sellers’ radar with the recent quotes being around 1.2430 amid initial Tuesday morning in Asia. The pair aims to revisit short-term rising trend-line.

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USD/JPY traders getting set for the central banks this week

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