Ireland proposes ban on CFD trading

Central Bank of Ireland's consultation paper addresses concerns about retail clients losing money on high-risk products

Danger signs: over two years, 74% of retail clients lost money, at an average of €2,700, the bank found

The Central Bank of Ireland (CBI) is thinking of prohibiting the sale of contracts for difference (CFD) to retail clients in and from Ireland, in the latest move from a regulatory body to clamp down on risky retail products.

This follows announcements from the UK’s Financial Conduct Authority in December and other European watchdogs, which have outlined a series of proposals to limit or entirely shut down CFD trading.

In a consultation paper published on March 6, Ireland’s central bank summari

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