Compliance Monitor
Stock trading app providers told to review gaming features, over fears of problem-gambling
Some consumers using stock trading apps with gaming features are exhibiting "behaviours similar to problem-gambling", according to the FCA. As a result, the regulator is telling firms to review and improve their app products.
By Neasa MacErlean
The Financial Conduct Authority made its
statementto firms after carrying out research into these apps. The
researchconcludes by highlighting concerns about in-app points, badges, celebratory messages, 'falling confetti' responses to trade
purchases, leader boards, frequent market notifications and other game-like elements.