Plus500 Reveals its Take On FCA Findings Over CFDs Marketers
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Plus500 Reveals its Take On FCA Findings Over CFDs Marketers
The UK’s financial watchdog has received one more response to its latest swipe against the sale of risky CFDs to retail investors, with Plus500 showing a similar reaction to its industry peers by claiming that it doesnt use third-party brokers to sell these products.
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The FCA’s analysis of client accounts for 19 CFD firms found that 76 percent of clients had lost money on these products – and there is evidence that these losses tend to be higher when sold on an advised basis.
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