A release on Mondo Visione on 1 June reported that these firms used unauthorised celebrity endorsements on social media as part of their marketing. The FCA orders require them to stop selling CFD to UK customers, to close existing positions with UK customers, to return UK customers’ money and to notify UK customers of the FCA’s action. The firms are entitled to seek a review of the FCA’s action. The firms are named as Hoch Capital Ltd (t/a iTrader and tradeATF), Magnum FX (Cyprus) Ltd (t/a ET Finance), Rodeler Ltd (t/a 24option) and F1Markets Ltd (t/a Investous, StrattonMarkets and Europrime).
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