The FCA has warned stock trading app operators about game-like elements in their trading applications potentially breaching Consumer Duty requirements. The regulator is specifically concerned about product features that encourage app users to trade by frequently sending market updates and providing them “with in-app points, badges and celebratory messages for
Trading app operators cautioned by FCA about product design
In the FCA’s view game-like features in trading apps are potentially breaching its new Consumer Duty.