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CFD broker Trade Capital Markets must refund deposit to duped investor

A Cypriot CFD broker operating in the Dutch market must refund the deposit to an investor that will evaporate its assets. This is the outcome of proceedings at the North Holland District Court. The case concerns a dispute between a retail investor and Trade Capital Markets (TCM) Ltd, an online broker based in Cyprus. Our client entered into an agreement with TCM in January 2020 to invest in CFDs (Contracts for Differences). In the period [...]

Applicable law in international investment fraud: preferably Dutch

International cases present specific challenges, particularly in the area of applicable law. A recent ruling shows how the legal system deals with these challenges. When victims of investment fraud live abroad, while the recipient of the funds is based in the Netherlands, the question arises as to which law applies. The law of the victim's country of residence (in this case, the United Kingdom) is then the main rule under private international law because the [...]

Invalidation of CFD agreements for unfair trade practices – a refinement of case law

In September 2019, a client of our firm entered into an agreement with a Cypriot broker offering investment services through an online trading platform. These services include trading in Contracts for Difference (CFDs), complex and risky financial products that involve speculating on price increases or decreases in underlying assets such as stocks, currencies or commodities. Initially, our client was given a "retail account" with a leverage of up to 1:30, in accordance with the decision [...]

2025-04-05T21:12:33+01:005 October 2021|Uncategorized|
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