FCA Issues Warning Against the Risks of Cryptocurrency CFD Investment

FCA Issues Warning Against the Risks of Cryptocurrency CFD Investment

Today, the United Kingdom’s Financial Conduct Authority (FCA) issued a warning for investors in cryptocurrency contracts for difference (CFD), mentioning the risks involved. Learn how to buy Bitcoin and Ethereum safely with our simple guide! The warning states: “Contracts for differences (CFDs), including financial spread bets, with cryptocurrencies as the underlying investment are increasingly being marketed to consumers. These products are extremely high-risk, speculative products. This warning is to inform consumers about the risks of buying them.” Last month, the FCA first sounded the alarm regarding cryptocurrency CFDs as many online derivative companies in UK including IG Group, UK’s […]

Leave a Reply