Tag: client deposits

BidX Markets
December 14, 2023 BY Simon Mugo

BidX Markets Offer Interest on Cash Holdings of up to 5.1%

This announcement from BidX Markets follows shortly after a warning issued by the UK’s Financial Conduct Authority (FCA) against investment platforms engaging in "double dipping" – a practice where platforms retain a portion of interest on client cash balances while charging an additional fee for cash management. Simon Blackledge, the CEO of BidX Markets, said:…

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