Is there anyway for retail traders trade futures in UK?
As far as I know the FCA can't stop every British citizen from trading crypto, be it futures or investments, despite the FCA's prohibition policy to address the high risk of loss in trading crypto derivatives.From the conclusions I read and the legal policies enforced by: FCA And to close this topic, I agree with what Edward Drake said here clearly has no effect on retail traders, as the OP mentioned.
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Edward Drake, Head of Compliance and Operations at eToro.
companies that sell cryptocurrencies do not have to be regulated by the FCA and they are not covered by the Financial Services Compensation Scheme or the Financial Ombudsman Service if something goes wrong," he explained.
As a result, we believe eToro will be less affected by this new law compared to many other laws on the market and that our clients will continue to enjoy uninterrupted access to crypto as a real asset," he said.
companies that sell cryptocurrencies do not have to be regulated by the FCA and they are not covered by the Financial Services Compensation Scheme or the Financial Ombudsman Service if something goes wrong," he explained.
As a result, we believe eToro will be less affected by this new law compared to many other laws on the market and that our clients will continue to enjoy uninterrupted access to crypto as a real asset," he said.
British Technology is well sophisticated and enforcement of the law is done without delay or corruption. Hence, I believe if crypto derivative is banned in Uk, the FCA will be able to stop every British citizen from trading crypto.
