FCA letter to CFD broker CEOs warns on churn, sending clients offshore, affiliates
According to the FCA approximately 80% of customers lose money when investing in CFDs.
According to the FCA approximately 80% of customers lose money when investing in CFDs.
The FCA stopped the UK operations of 16 CFD providers that had entered the UK’s temporary permissions regime in 2021.
FCA is aware that some CFD brokers are encouraging retail clients to trade with firms in third country jurisdictions.
“It appears that an isolated group of Partners may have intentionally breached our agreements when it comes to their communications.”
The FCA has acted to stop Finteractive Limited (trading as FXVC), from offering high risk CFDs to UK investors.
FXCM Group LLC announces an expansion of its Single Share CFD and proprietary Stock Basket product lines.
In Q3 2021, CMC Markets saw high active client numbers resulting in strong client trading activity.
City Index explains that, due to United States Executive Order 13959, restrictions have been placed on a number of stocks.
The Investment Management sector saw a small increase in profitable firms between February and May/June 2020, according to the FCA survey.
EEA-based clients who want to keep trading CFDs with IG can transfer their accounts to IG Europe.