At least 23 CFD trading providers set to go under as consumer protection measures raise responsibility in the industry to new heights.
Regulations proposed by the FCA, as well as added pressure from measures introduced by ESMA, designed to provide better protection to retail investors in CFD trading will force dozens of brokers out of business. This is the view of Ivan Gowan, CEO at fintech company Capital.com, who says that the FCA’s requirement for higher levels of capital and the lower leverage limits imposed by ESMA will undermine the business models of many…
