The UK Financial Conduct Authority (FCA) has closed 21 CFD firms and is cancelling permissions for three others for misusing their authorised status to mislead consumers.
Why it matters. Regulatory action affects financial services firms and consumer trust in UK-regulated financial products.
Twenty-one Contracts for Differences (CFD) firms have closed since 2025, following a FCA crackdown.
The FCA was concerned the firms were misusing their authorised status to mislead consumers. Three other firms are currently cancelling their permissions.
The FCA has been challenging CFD firms that carry out little UK business but use their authorisation as a badge to make linked overseas companies look more trustworthy than they really are. This creates the misleading impression that consumers are dealing directly with a UK-regulated firm and benefit from UK protections when they do not.
