Twenty-four CFD firms closing in crackdown on misuse of UK authorisation

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.Firms have faced a range of actions, including restricting their trading abilities, requiring independent reviews of their business and opening enforcement investigations in the 2 most serious cases.Dominic Holland, director of sell-side supervision at the FCA, said:'Consumers need to know exactly who they're dealing with and what protections they have. When firms blur the lines between their UK-regulated activities and overseas businesses, we will step in. These closures show we're prepared to take action to protect consumers.'Consumers thinking about trading CFDs should remember that these products

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