Connect with us

Beyond

None shall trade free -McGuinness, Commissioner for financial services

Brokers offering free trading can count on enhanced supervision in Europe. According to McGuinness, the business model of such free brokers could be in breach of European rules.

If no or only very low transaction costs are charged, the money has to be earned elsewhere, and this could be done by sharing the flow of trade with market makers, and this could be contrary to the rules that brokers should operate in the best interests of their customers.

“We will judge whether the current rules are sufficient,” quoted Bloomberg McGuinness, Commissioner for financial services.

Newsletter Signup

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Belgium is the fastest vaccinating country in the European Union, Ireland is the slowest

Belgium

Vaccination centre suspected in forging the COVID pasports

Belgium

Belgium turns orange again, given the sharp decrease in the number of coronavirus infections

Belgium

De Croo to visit Netherlands

Belgium

Newsletter Signup

Copyright © Brussels Post News

Newsletter Signup