IG Group welcomes FCA’s review of the CFD market

IG Group trading floor

UK online trading leader IG Group Holdings plc (LON:IGG) noted that the Financial Conduct Authority (FCA) have today issued a letter to all providers and distributors of contracts for difference (CFD) products.

IG informed that it welcomes the FCA’s review on the provision and distribution of CFD products to clients on an advisory or discretionary basis.

IG does not offer advisory or discretionary services for CFD products and has terminated its very small number of relationships with distributors who offer our CFD product on a discretionary or advisory basis to retail clients within the UK and EU.

IG also shared that it believes that it complies with the applicable rules and FCA guidance and that this review has no new financial implications for IG’s business.

The Company commented that has already taken steps to address the observations made by the FCA in their individual letter to IG on this aspect of the industry in October 2017.

Related News


IG Group welcomes FCA's review of the CFD market


Send this to a friend

Subscribe to LeapRate
Fill out the form below for more information
for lising in LeapRate's Forex Yellow Pages

Please enter the company name, email address to reach you and phone # (optional):

Please fill out the message field to the right for any questions or special inquiry: