Regulator claims 84% of Spread betting customers lose money


#1

Originally published at: http://whichinvestmenttrust.com/regulator-claims-84-per-cent-of-spread-betting-customers-lose-money/

The FCA has announced proposals to tighten regulation on an industry that liberally markets a sophisticated financial product to the uninitiated, attracting criticism that it has got rich on the back of misery. The UK’s financial services regulator the FCA (Financial Conduct Authority), is proposing stricter rules for firms selling ‘contracts for difference’ or CFDs,…


#2

I don’t understand why the FCA isn’t honing in on regular spread betting as well as CFDs. Surely they are equally as risky as each other no? Or am I missing something.

Spread betting isn’t investing and I think some people get this confused.

It’s absolutely shocking that 84% of people lose money doing this, unbelievable!


#3

If you must risk loosing your shirt take a trip to Las Vegas - the entertainment’s better.