FCA confirms permanent restrictions on the sale of CFDs consumers

Originally published at: https://whichinvestmenttrust.com/fca-confirms-permanent-restrictions-on-the-sale-of-cfds-consumers/

Following consultation feedback, the Financial Conduct Authority (FCA) is confirming new rules restricting the sale, marketing and distribution of CFDs and CFD-like options to retail customers. The rules address harm to retail consumers by making the European Securities and Market Authority’s (ESMA’s) temporary restrictions of contracts for difference (CFDs) sold to retail clients permanent.For CFDs and…

I had a colleagues who lost his house and eventually his job because he sucked in by all the marketing of this very dangerous form of gambling.

I think the adverts make it sound easy and alluring.

I think they should be banned for all but the most sophisticated traders.