Consumer Protection

2 articles

Forex news and analysis tagged “Consumer Protection” on BestForex.io.

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newsJuly 28, 2026
XTrade Loses Its Licence Over Vulnerable Clients Pushed Into CFDs
The FCA cancelled XTrade's UK permission after finding the firm had marketed and sold contracts for difference to vulnerable clients who lacked the experience to understand the products. The regulator concluded the firm had failed the suitability and appropriateness tests its own rules required.
Beatrix Fairmont7 min read#XTrade #FCA #UK
newsJuly 16, 2026
$10 Million Fine: How Binance Let Retail Traders Take a Compliance Quiz Until They Passed
Australia's Federal Court ordered Binance Australia Derivatives to pay $10 million after it misclassified 524 retail clients as wholesale investors — letting them retake a multiple-choice quiz until they achieved a passing score.
Reginald Thorne7 min read#Binance Australia #ASIC #Retail Traders

XTrade Loses Its Licence Over Vulnerable Clients Pushed Into CFDs