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81% of retail accounts lose money when trading CFDs with this provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. expand_more

Changes to cryptocurrency CFD trading terms

December 28, 2020 14:00

Dear Traders


Despite major cryptocurrencies emerging as a major part of global financial newsfeeds, the asset class is still in its early stage of becoming mainstream in the investment world. During this time, financial authorities of different countries often take differing regulatory approaches to address the opportunities and risks in the wider use of digital currencies. 

We are writing to let you know that the United Kingdom’s Financial Conduct Authority recently announced Policy PS20/10, which prohibits the sale of cryptocurrency derivatives to Retail investors in or from the UK effective January 6, 2021. 

How does this new FCA policy affect your trades?

As a UK financial services firm, Admiral Markets UK Ltd must comply with this new regulation. 

If you are a Retail client, regardless of your country of residence, beginning January 4, 2021, your open positions in digital currency CFDs will be switched to close-only mode. After this change, you will not be able to open any new positions, or increase existing positions, in any instruments from this group. 

Professional clients of Admiral Markets UK Ltd are not included in this new policy. If you are registered as a Professional client, nothing will change for you. After the policy will come into effect, you can continue trading CFDs on digital currencies on regular terms.

Are there any other restrictions or required actions?

No. This FCA Policy requires UK investment firms to cease offering crypto CFDs to retail clients. All our clients can still trade over 3000 other CFDs, including commission-free CFDs on stocks, ETFs, indices, commodities, currencies, and bond futures. 

We are ready to help

Do not hesitate to let us know if you need any further information regarding the upcoming changes, or how they could affect the way you use our services.


Kind regards,

Admiral Markets