UK's FCA might ban credit card deposits with online forex and CFD brokers

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According to an announcement issued in the beginning of January by the UK Gambling Commission (UKGC) from 14th April onward clients of gambling websites will not be able to fund their bets using credit cards. Following that decision some analysts and experts have stated that it may be high time for the Financial Conduct Authority (FCA) – the UK financial regulator – to do the same, because a lot retail investors are dependent on their credit cards to make deposits to Forex and CFD brokers.
“Debt shouldn’t be creating more debt for the retail consumer”, says Rod Martenstyn, former CEO of GKFX.
On one hand I think using a credit card to fund one's trading is a poor idea, but on the on the other hand, should the FCA police the decisions adult traders make?


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