Breaking: FCA Warns Regulated CFDs Providers, Urges Actions

[kreslik.news]

The U.K. financial regulator has issued a letter to the CEOs of regulated CFDs providers pointing out some concerns related to client on boarding and risk disclosures to clients. The Financial Conduct Authority (FCA) has been reviewing a number of procedures which CFDs brokers are using to onboard clients.

Looking at the way brokers are approaching customers to asses their appropriateness for CFDs trading and at the initial risk disclosures to clients of 10 brokerages prompted the watchdog to issue a letter which serves as guidance to the regulated firms.

The FCA highlighted in the letter that it identified a number ... (read more)