Own goal? Fulham this month signed a sponsorship deal with ICM Capital
London‘s oldest football club is plugging high-risk investments where more than 80 pc of people lose money.
Second-division Fulham this month signed a sponsorship deal with ICM Capital, which offers risky investments called contracts for difference (CFDs).
These allow savers to bet on the rise and fall of currencies, metal and stocks. But the complex way they work mean savers can lose a lot more than they put down.
The sponsorship deal allows ICM to advertise its services around Fulham’s Craven Cottage ground.
Manchester City, Liverpool, Arsenal, West Ham, Watford Southampton and Everton all have similar deals with CFD websites.
The City watchdog says anyone without ‘sophisticated knowledge of financial markets’ should avoid CFDs.
Fulham and ICM refused to comment.