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FCA bans BDSwiss from offering CFDs to UK customers
The UK financial regulator The FCA has announced that it has acted to stop Cyprus based firm BDSwiss Holding Plc, and other members of the BDSwiss Group, from offering high risk contracts for differences (CFDs) to UK investors. The BDSwiss Group trades using the brands BDSwiss, Swissmarkets and BDS Trading. The regulator said that BDSwiss Group used the fact that one of its firms was regulated in the UK to convey legitimacy on the group as a whole. However, 99% of UK consumers taken on by the group traded through the group’s overseas entities. These overseas firms had no authorisation to provide regulated services ... (full story)
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