FCA investigates CFD firms’ overnight financing charge practices
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AI-assisted source synthesis · not an independent investigation.
In May 2026, the UK Financial Conduct Authority (FCA) investigated 81 contracts for difference (CFD) firms. The investigation found that only 12% of firms said they had adjusted their charges, while most simply explained their existing rates. Overnight financing charges typically consist of a benchmark interest rate plus a broker markup, and are calculated on the full notional value of the position; most firms continue to charge fees separately on both the long and short sides when clients hold hedged positions. The FCA recommended that firms explain how charges are calculated and state the annual percentage rate (APR) on fee pages, in pop-ups, and on trade statements. The FCA said it had set no remediation deadline and introduced no new rules, but would follow up with individual firms if it had concerns.
AI-written from reports · updated 9 hours ago
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- Finance MagnatesFCA investigates 81 CFD firms: only 12% adjusted overnight financing charges
In May 2026, FCA surveyed 81 CFD firms and found that only 12% said they had adjusted their charges, while most firms merely explained their existing rates. Overnight financing charges typically consist of a benchmark interest rate plus a broker markup and are calculated on the full notional value of the position. When holding hedged positions, most firms still charge separately for both the long and short sides. FCA recommends that firms explain the calculation method and APR on fee pages, pop-ups, and trade statements, and said it has set no deadline or introduced new rules, but will follow up with individual firms where it has concerns.
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