Tanzania, March 27 -- UK adults investing in high-risk products were more likely to be seasoned participants than newcomers, according to a new TradingPlatforms.co.uk analysis of the FCA Financial Lives 2024 survey. The report found that 44% of cryptocurrency holders had first invested three or more years ago, while only 10% had less than one year of experience. Among CFD traders, the pattern was even more pronounced: 46% had been active for at least three years, compared with just 16% who had less than a year of experience.

That undermines a common assumption that the riskiest corners of retail finance are dominated mainly by inexperienced first-timers. TradingPlatforms.co.uk said the majority of people engaging with high-risk financial...