Oakwood Solicitors
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CFD Trading

Have you lost money?

  • Solicitors firm with over 15 years’ experience in
    financial mis-selling claims
  • No-Win, No-Fee
  • No upfront cost
  • We charge only 30% +VAT for a successful claim
  • £5 million recovered for clients in the last 12 months
  • Free initial consultation

Make a claim now

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0113 200 9720

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Investment Claim

I contacted Oakwood with a claim enquiry regarding poor financial advice I'd received while CFD trading. They were very helpful, professional and friendly from the start. They were confident in my case and really knew what they were doing. They collected all the relevant information and swiftly put a case forward for me. Sure enough within a day or two of submission they'd won the case for me.

- Tom S

Professional, Polite and Always Keeping Me Updated

The team were very professional, polite and always keeping me updated. Oakwood solicitors helped me to get money from 2006 CFD trading Company who lost all my money. Thank you Oakwood Solicitors very much and would 100% recommend.

- Amar

Thanks for your help!

I was contacted by the Financial Litigation Department - They successfully made a £33,000 Investment Claim. The team were excellent throughout the process which was quicker than expected. Highly recommended.

- Alastair Johnston

Financial Litigation Department - £50,000 Investment Claim

The team were super efficient and super effective.They handled my claim speedily and extremely professionally and I wouldn't hesitate to recommend them to any of my own clients.

- Adam Marlow

suitcase briefcase coins money


of all retail consumers lose money trading CFDs.

hand coins money

£17m per year

could be saved by consumers due to the ban on CFD trading.

calendar money

£5 million

recovered by Oakwood Solicitors for clients in the last 12 months.

The experts in Financial Litigation and CFD Trading claims

Oakwood Solicitors Ltd specialises in Financial mis-selling claims. We have a Financial Litigation team dedicated to assisting clients who have lost money as a consequence of negligent advice in relation to a financial product, such as a pension or an investment.

What is a CFD?

CFD trading is typically a short-term agreement where you invest in the value of a particular asset.

Typically, people invest in an asset by purchasing shares. The investor would then own the whole or part of the asset that they have invested in. If the asset then increases in value, the investor will be able to sell their shares at a higher price than they purchased them, which will give them a return on their investment.

However, with CFD trading an investor never actually owns the asset, you are in essence betting on the value of the asset increasing or decreasing.

When you trade CFDs you are entering into an agreement to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.

CFD trades are available on thousands of products including shares, indices, currencies, commodities, interest rates and bonds.

What is Leverage or ‘trading on margin’ with CFDs?

Leverage in CFD trading is the means by which you can gain exposure to a large position without having to commit the full cost at the outset. For example, you may only put up 20% of the costs at the outset and then setting yourself a leverage ratio.

Leverage trading is often seen as an attractive proposition as it allows you to spread your capital further or to invest in shares that you would not ordinarily be able to afford to invest in.

What investors often fail to realise is that by have a leverage ratio you are exposed to hugely magnified losses, which can in some cases exceed the deposit and leave the investor in a position where they owe substantial sums to the trading platform.

‘Trading on Margin’ is another way of describing leveraged trading. The investor will deposit a sum of money to open a position called a ‘deposit margin’. The investor will then be required to have a ‘maintenance margin’ which is a minimum sum of money held within your account to keep the positions open.

If you account falls below the ‘maintenance margin’ and you do not deposit additional funds into the account, then the position will be closed and any losses at that point will be realised.

Why are CFD’s not a suitable investment for Retail Consumers?

Due to their complex and high-risk nature CFDs should only be offered to sophisticated investors and those who can afford to lose their investment.

It is estimated that between 75-80% of retail customers who trade CFDs lose money. It is this frightening statistic that lead to the FCA conducting an investigation into the sale of CFD’s to retail consumers.

On 1st August 2019 the FCA imposed a permanent restriction on the sale of CFDs and CFD-like options to retail consumers.

The restriction applies to firms acting in or from the UK and will:
1. ban the sale, marketing and distribution of binary options to retail consumers
2. restrict the sale, marketing and distribution of contracts for difference (CFDs) and similar products to retail customers

The FCA estimates that this restriction could save retail consumers up to £17m per year in lost investments and may reduce the risk of fraud by unauthorised entities claiming to offer these products.

How do you know if I have a CFD Trading claim?

Contact Oakwood Solicitors free of charge to find out if you are entitled to compensation on a ‘No-Win, No-Fee’ basis.

We have helped clients recover in excess of £1.6 million for mis-sold investments in the last 12 months.

If you can answer YES to any of the below, you may potentially have a claim.

CFD Investment

Retail investor – were you an investor who only held basic investments, such as share and bonds in secure reputable companies or held no investments at all?

CFD Investment Cold Calling

Contact – were you contacted out of the blue and encouraged to trade CFDs?

CFD Warning Signs

Risk consideration – did the advisor fail to explain the risks associated with the investment including the potential of losing your investment?

CFD Understanding

Knowledge – Did you invest into something that you didn’t really understand? Did you have little or no knowledge of how CFDs worked?

CFD pressure

Pressure – Did you feel you did not have time to get independent advice, research the investments or take your time to decide if you wanted to proceed? Where you pressurised to act quickly or risk losing out?

coins loss

Losses – as a result of the investment have you suffered a financial loss?

Why should I use a solicitor?

CFDs are complex financial products and you need to be able to articulate the problem with reference to any legal or regulatory frameworks.

By using a solicitor who is a specialist in CFD claims you will ensure that you put your best case forward and maximise your chance of success.

We have seen numerous cases in the past where mis-selling victims have pursued a legitimate claim themselves, only to have it turned down due to a technicality or because key grounds have not been particularised.

You have a higher chance of success by working with a Solicitor, who will ensure that there are no technical grounds for turning down your claim and put you in the best possible position to receive what you are owed.

Frequently Asked Questions

How long does a claim take?

There are a number of features that will impact how long a CFD Trading claim may take to conclude.

These include the complexity of the case, whether the claim is against an active adviser, the Financial Ombudsman or the FSCS, and whether liability is admitted or denied.

If liability is admitted, then the claim process is much shorter, and we would expect a claim to be concluded within 3-6 months. Alternatively, if liability is denied and the claim must be issued at court then the claim can take between 12-18 months depending on the availability of the court.

If the claim is been made against the FSCS then we would expect the claim to be concluded within 6 months.

As each case is unique it is difficult to provide a generic timeframe for conclusion of the claim however Oakwood Solicitors will give you an indication of how long your claim is likely to take to conclude as part of our initial review.

How much will it cost you to make a claim?

We operate on a Damages Based Agreement (“DBA”) more commonly known as a ‘no-win, no-fee’ agreement. If we fail to secure you a settlement, you will not be charged. If we successfully recover compensation, then our charges are 30% plus VAT of any compensation payment. These charges will be deducted from the compensation payment at the end of the claim process.

How much compensation will you receive?

We cannot provide an exact figure until we have completed our investigation as your loss will be dependent on the amount invested and the nature of the investment.

The general purpose of a pension claim is to put you back in the position you would have been in, had you not received the negligent advice to trade CFDs.

If your claim is against an active adviser, then the sum of compensation that we will seek to recover will be equivalent to any losses that you have suffered.

If your claim is against the Financial Ombudsman, then the compensation cap if £150,000.00. This means that the Financial Ombudsman can award compensation up to a maximum of £150,000.00.

If your claim is against the FSCS then the compensation cap for any firm that was declared in default on or before the 1st April 2019 is £50,000.00. If the firm was declared in default after the 1st April 2019 the compensation cap is £85,000.00 per person, per advisor.

What should you do if you think you have a claim?

If you believe or feel you have a CFD Trading claim, contact us for a free initial consultation regarding your options.

danielle staff block silhouette
Danielle Lightfoot — Solicitor and Head of Department

Danielle joined the firm as a Paralegal in 2011 and qualified as a solicitor in October 2014. She has acquired extensive experience in high value, complex litigation traversing numerous practice areas.

Danielle is a specialist in financial mis-selling matters with a particular interest in pensions and investments.



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