FCA warning over trading apps promoting high-risk investments
Trading apps could be putting as many as 1.6 million adults at risk by promoting high-risk investments, the financial watchdog has warned. The Financial Conduct Authority (FCA) says some platforms are 'gamifying' trading, potentially leading customers to take on investments that aren't right for them. The regulator’s review has raised concerns about how they operate and the types of financial products they offer.Here, we explain how these apps work, the kind of investments to watch out for, and why they can be so risky.Please note: the content contained in this article is...