FCA Says Only 12% of CFD Firms Changed Charges: How Does Overnight Financing Fees Work?
By Tareq Sikder
AI summary of the source article
An FCA survey of 81 CFD firms revealed that only 12% adjusted their charges following a regulatory review. The regulator highlighted ongoing concerns regarding overnight financing fees applied to total notional exposure without interest paid on client margin.
Key facts
- An FCA survey of 81 CFD firms found only 12% changed or planned to change any charges following a multi-firm review.
- Overnight financing is typically charged on the total notional value of a position with no interest paid on client margin.
- The FCA stated changes made by firms were often designed to show compliance with the Duty rather than materially alter their offerings.
Source excerpt · Finance Magnates
Most of the CFD firms the regulator surveyed looked again at their charges after its review, then kept them. The Financial Conduct Authority (FCA) surveyed 81 CFD firms in May 2026, six months after its November 2025 multi-firm review, and found that "only 12% of firms said they had changed any charges." Most of the rest explained their existing rates instead. The findings, published on 15 October…