Briefing

FCA highlights continuing concerns about overnight CFD financing charges

Written by WiT Markets EditorialReview Editorially reviewedLast reviewed

Brokers and regulationDate only. No clock time was recorded.WiT Markets Editorial2 min read

On 15 October 2026 the Financial Conduct Authority published good and poor practice for CFD firms. The note follows a survey of 81 firms and concentrates on overnight financing charges. It is a supervisory publication. It does not name a firm and it does not record a sanction.

Two facing bars, for a charge that can apply to both sides of a hedged CFD
Editorial illustration. It is not a photograph of an event, and it does not show a price.

Key facts

  • Published on 15 October 2026, from a May 2026 survey of 81 CFD firms.
  • The FCA’s concerns include the level, application and disclosure of overnight financing charges, including hedged positions.
  • No firm is named. A supervisory concern is not a published finding of misconduct against a broker.

The FCA says that in November 2025 it published findings from a multi-firm review of how CFD providers were meeting the Consumer Duty price and value outcome. In May 2026 it asked 81 CFD firms whether they had made changes. The 15 October 2026 publication reports that survey. The FCA says it still has concerns about the level of overnight charges, the way firms apply them, and whether clients are given enough information. The concerns extend to matched, or hedged, open buy and sell trades on the same asset.

The publication applies to FCA-authorised investment firms that manufacture, promote or distribute CFDs, spread bets or rolling-spot forex to retail clients, and to consumers already trading or considering those products. The FCA says most firms had considered the earlier review and had made or planned changes, but many changes were minor. It says only 12 percent of firms said they had changed any charges. Most respondents still apply overnight funding charges to matched positions, often at the same full rate used for a one-way exposure. The FCA says the mark-ups inside overnight funding charges remain largely opaque.

The FCA says it will continue to monitor how firms apply and communicate the charges and will follow up with individual firms where it needs to. That sentence is a plan to supervise. It is not a finding that a named firm breached a rule, and this briefing does not supply the names the FCA left out. A reader comparing brokers still has to read the overnight rate, whether a hedged pair is charged twice, and whether the charge is shown before the trade rather than only in a document.

Why it matters for investors and traders

Retail clients comparing CFD providers can be charged to hold a position overnight, and a hedged pair can still attract those charges. The FCA is telling firms that the level and the explanation of those charges are part of the Consumer Duty price and value work. The publication does not set a new numeric cap.

Markets discussed: CFDs. These are the subjects of the briefing, not a list of markets that moved.

Uncertainties

  • The FCA has not, in this document, named a firm or published an enforcement outcome.
  • Follow-up with individual firms is described as future supervision, not as a result already reached.
  • A firm’s current overnight schedule can differ from the survey answers given in May 2026.

What to watch next

  • Read the overnight financing term for the product, including matched long and short positions.
  • Check whether the charge is shown before the order, not only in terms or a disclosure document.
  • Confirm the FCA-authorised entity on the account. This note does not identify one.

How to read this development

Supervisory findingsUnited KingdomFinancial Conduct Authority

The official document is dated 15 October 2026. This briefing was published on 22 October 2026. A later status would be added as a new entry. The original status stays in the record.

Who is affected

FCA-authorised firms that manufacture, promote or distribute CFDs, spread bets or rolling-spot forex to retail clients, and retail clients of those products. No legal entity is named.

What changes

The FCA sets out concerns and good practice. It does not, in this publication, change a leverage cap or publish a new charge table.

When it applies

The publication date is 15 October 2026. The survey it describes was sent in May 2026, after a November 2025 multi-firm review. There is no separate effective date for a new rule.

Status history

  • 15 October 2026. Supervisory findings. Good and poor practice published. Not a named-firm sanction.

Markets, research and tools

Markets: CFD markets

Further reading: What a CFD is

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Sources and review

Written by: WiT Markets Editorial. Writes and structures WiT Markets pages. Separates a sourced fact from a cell that is Not confirmed.

Review: Editorially reviewed. This is not a qualified specialist review and it is not a legal sign-off.

Last reviewed: . Next review due . The date is an editorial pass. It is not a live check of every third-party fee.

Regulatory and official sources

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FCA findings on CFD overnight charges, 15 October 2026 | WiT Markets