According to an announcement issued in the beginning of January by the UK Gambling Commission (UKGC) from 14th April onward clients of gambling websites will not be able to fund their bets using credit cards. Following that decision some analysts and experts have stated that it may be high time for the Financial Conduct Authority (FCA) – the UK financial regulator – to do the same, because a lot retail investors are dependent on their credit cards to make deposits to Forex and CFD brokers. “Debt shouldn’t be creating more debt for the retail consumer”, says Rod Martenstyn, former CEO of GKFX. On one hand I agree that using a credit card to invest in Forex is the best of ideas, but on another hand I do not think that regulators should police adult individuals’ behavior to such miniscule detail.
A good move. Many 'adults' are not really adults. Real adults don't need to fund their accounts with credit cards.