Financial spread betting and CFD trading group action claims

Online Traders: You may be eligible for compensation

Spread betting and CFD trading are forms of leveraged trading that allow you to speculate on the price movements of various financial markets, such as forex, indices, commodities, and shares. However, these products also involve high risks and costs that may not be suitable for everyone.

If you have traded in the UK on an online platform, you may have been misled about the risks, costs, or product details of spread betting and CFD trading. You may have also been given inaccurate or incomplete information about the markets offered or the potential performance of your trades.

If this is the case, you may be entitled to claim compensation from the trading platform provider for any losses or damages that you have suffered as a result of their breaches, negligence or misconduct. You may also be able to recover any fees or charges that you have paid that were unfair or unreasonable.

We are a team of legal experts helping both retail and professional traders who may have been mistreated. We take on group claims on a no win, no fee basis, meaning that you only pay our fees if we succeed in winning you compensation. You will be given an option to agree to this, or not, at a later date.

If you are interested in learning more and seeing if you may have a claim, simply fill out the brief form below, click submit and we will be in touch with you.

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Which online platform(s) did you use to trade?*

How we help our clients

Group action litigation

Leveraged ETF withdrawal claim

Online trading retail to professional claims

The team provides a seamless and responsive service with timely responses attentive to my own particular circumstances as part of a larger group of litigants.

The team knows what it’s doing and does it well.

I have instructed Charlotte Hill and Richard Raban-Williams and was super impressed. Charlotte has an ability to get to the point of the legal issues which is unsurpassed and runs an effective team.

The whole team is very good, including the paralegals and trainees. They manage large groups of clients with patience and care.

The lawyers are prompt in their responses.

Recent work highlights

Business interruption claims

Acting for thousands of rural business owners seeking compensation for their loss of earnings due to forced closure during the recent Covid-19 pandemic.

Group action claims for financial mis-selling

Acting in relation to financial mis-selling group action claims, concerning swaps, derivatives and other complex financial products, SIPP disputes and undisclosed commission claims – including PPI claims.

Successful Court of Appeal ruling

Successfully defending an application in the High Court by Williams & Co to strike out the group claims as an abuse of process on the basis that they were brought using one claim form.

NFU Mutual Covid-19 business interruption claims

Commencing group action commercial court proceedings against NFU Mutual (NFUM) on behalf of a group of some 90 policyholders in relation to unpaid Covid-19 business interruption claims.

Group claim for private investors

Acting for a group of individuals in a complex, multi-jurisdictional dispute with a foreign lender calling for repayment of the sums due under the mortgages in full and seeking to enforce the terms of the mortgages in England.

Cryptocurrency investment losses

Advising on multiple group actions to recover losses for investors in cryptocurrency through alleged mis-selling.

Claim for property transaction losses

Assisting a group of over 90 claimants in proceedings against Graham & Rosen Solicitors concerning purchases in failed hotel and student accommodation developments.

Ponzi fraud scheme

Representing 21 claimants in a group action to recover sums lost in a Ponzi scheme operated by a fraudulent mortgage broker.

Northern Powerhouse collapse

Acting for over 200 claimants against their former solicitors in relation to the failed Northern Powerhouse property development schemes.

Carlauren care homes scandal

Representing 160 investors in the failed care home investment schemes marketed and sold by the Carlauren group.

Reparation for Hong Kong investors

Acting for a group of 138 Hong Kong private investors in UK fractional sales schemes.

Claim for breach of statutory duty

Representing a group of claimants in proceedings against their former advisers over their alleged breaches of the Financial Services and Markets Act 2000.

Claim for property transaction losses

Assisting a group of over 90 claimants in proceedings against Graham & Rosen Solicitors concerning purchases in failed hotel and student accommodation developments.

Ponzi fraud scheme

Representing 21 claimants in a group action to recover sums lost in a Ponzi scheme operated by a fraudulent mortgage broker.

Northern Powerhouse collapse

Acting for over 200 claimants against their former solicitors in relation to the failed Northern Powerhouse property development schemes.

Carlauren care homes scandal

Representing 160 investors in the failed care home investment schemes marketed and sold by the Carlauren group.

Reparation for Hong Kong investors

Acting for a group of 138 Hong Kong private investors in UK fractional sales schemes.

Claim for breach of statutory duty

Representing a group of claimants in proceedings against their former advisers over their alleged breaches of the Financial Services and Markets Act 2000.

Case studies

Penningtons Manches Cooper has successfully defended a High Court challenge to a group claim, in a ruling that supports cost-effective collective redress and confirms that multiple claimants can use a single claim form where it is considered convenient.

Our group actions team is representing around 90 businesses in a major Commercial Court claim against NFU Mutual, challenging its refusal to pay Covid-19 business interruption claims — a case with potentially far-reaching implications for insurers.

In November 2016, members of the Brazilian football club Chapecoense were travelling to the 2016 Copa Sudamericana Finals on LaMia Flight 2933. That flight tragically crashed, killing almost all on board, and seriously injuring those that survived.