FCA uncovers 'significant client risk' in retail CFD market
CFDs are complex, high-risk instruments
The Financial Conduct Authority (FCA) has written to all providers and distributors of contracts for difference (CFD) products to retail customers after discovering market failings which "may cause significant consumer harm".
The FCA said the majority (76%) of retail customers who bought CFD products on either an advisory or discretionary basis lost money during the period it looked at. It added many of the 19 firms it had...
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