Breaking: Complaints vs UK CFDs and Spread Betting Brokers Decline Sharply

[kreslik.news]

The UK Financial Ombudsman Service has registered a massive decline in complaints against spread betting brokers. The institution is tasked with receiving and reviewing consumer complaints against firms that are participating in the UK financial industry.

With the retail brokerage industry under increasing scrutiny, the decline in the number of complaints against CFD brokers shows that the recent regulatory action on part of ESMA might be misplaced. Last year, the FCA reported that complaints against FX, CFDs, and spread betting netted 0.1 percent of total complaints.

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