StockMarketWire.com - Plus500 said it welcomed an update from the European Securities and Markets Authority on looming new regulations for contracts for difference and other products offered to retail clients.

The authority said it would conclude consultations in January, when it would also announce official trading restrictions.

"Plus500 welcomes this statement and the strong regulatory framework that this will bring to the industry," the company said.

It reiterated that it had never offered binary options and always provided balance protection to its customers.

"The company also has a maintenance margin level, which enables its customers to have additional protection," Plus500 said.

"As at January 2017, Plus500 removed its bonus schemes for the vast majority of its operations."




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