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IG and Plus500 Share Drop on FCA Crypto Warning Short-lived

“The drop in the value of major retail brokers listed in the UK started late yesterday and extended in early hours in London” reports Shares of spread betting and CFDs brokers Plus500 and IG Group have dropped in the run-up to the crypto-currency warning from the FCA this morning.The leverage that retail brokers offer is one of the key differentiators when comparing them to cryptocurrency exchanges.Today’s FCA consumer warning on cryptos merely outlines that the regulator is looking into imposing its own restrictions on retail trading versions of cryptocurrencies.The warning of the FCA against cryptocurrency CFDs is highlighting the interest that the regulator has in reigning in the product offerings of retail brokers.

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