If you have lost thousands in mis-sold CFD investments through OBR Investments, you may be able to claim compensation. Speak to our expert CFD mis-sold team today to find out if you get your investment back.
Unfortunately, mis-sold CFD investments are on the rise. Our mis-selling team are seeing an increase in individuals being poorly advised to invest into CFDs, with the end result being a loss of thousands of pounds from savings and pensions.
OBR Investments is a trading platform that regularly appears on Smooth Commercial Law’s radar. If you have invested on their platform and have been left out of pocket, you may have a mis-selling claim. With our help, you could potentially claim some, if not all, of your investment back.
Who are OBR Investments Limited?
OBR Investments Limited offer a web-based CFD trading platform. They state that they “offer traders a safe, secure and straightforward trading experience.”
The firm is a Cypriot Investment Services Firm, authorized and regulated by the Cyprus Securities and Exchange Commission with licence number CIF 217/13.
OBR Investments Limited is located at 12 Archiepiskopou Makariou Avenue III, Office No. 201, ZAVOS KRISTELLINA TOWER, 4000, Mesa Geitonia, Limassol, Cyprus
The trading platform has more than 300 underlying assets are available to trade. Investors will see that there are CFD’s on Currency / Forex Pairs, Crypto Currency, US Stocks & European Shares, Market Indexes and Commodities to trade.
OBR Investments Limited offers services within the European Economic Area (excluding Belgium) and Switzerland.
What is a CFD?
A Contract for Difference (CFD) is a popular yet complex form of trading. It offers traders and investors the chance to invest from a price movement in the market, without actually owning the underlying asset they are investing in.
A CFD investor will trade on the market as it happens, but unlike many investments, they will not have ownership of the product which the investment is for. This is a crucial difference, compared to investing in normal stocks and shares.
CFD funds can be invested in a number of ways. Investors can use a CFD provider directly, or they can invest their funds through their pension pot, such as a self-invested personal pension (SIPP).
How might I have been mis-sold?
CFDs are highly risky, complex financial products that are only suitable for experience investors. Investors do not own any assets when trading CFDs, meaning it is like a bet.
It is estimated that between 75%-80% of retail customers who trade CFDs lose money. This is compounded by the fact that many retail customers are inexperienced investors who have been convinced by their financial adviser to invest through their SIPP.
This mis-sold SIPP is often gambling entire retirement savings in a volatile and highly risky market. Financial advisors may also be working on commission to transfer funds from pension pots.
You may have been mis-sold a CFD investment if:
- You were cold-called by an IFA or pressured to invest
- You weren’t told about the risks of the investment
- You were advised to invest in an unsuitable fund
- You have made significant losses as a result of investing in CFD Trading
If any of the above applies to you, we would advise getting in touch as soon as possible.
How can Smooth Commercial Law help?
Have you lost significant sums of money through CFD trading? Have you invested some or all of your pension pot into CFD and have been left out of pocket? Let our mis-sold CFD team help you.
At Smooth Commercial Law, our team of experts have extensive experience in dealing with a whole manner of claims that arise from negligent and/or unsuitable financial advice. We are seeing an increase in claims for mis-sold pensions and SIPPs, and have managed to secure compensation for many of our clients.
Should you have a claim against OBR Investments Limited or your financial advisor for negligent financial advice, we can deal with your case and look to recover compensation for not just your loss of investment but also any adverse tax liabilities that you may now be facing as well.