Cypriot firm fined after selling CFDs to novice investors who borrowed from family and friends

The FCA has continued a series of 20 enforcement actions on the non-compliant offering of contracts for difference (CFDs) from abroad, with a fine on a Cypriot business.

By Neasa MacErlean

Forex TB Ltd, also trading as Patron FX, was required by the regulator to stop providing services to UK consumers in April 2021, and it has now also been fined.