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Investments in Contracts For Difference (CFDs) are a little different to investing in normal stocks and shares.
Instead of investing your money INTO the actual asset (like buying shares in a company) and making money by waiting for the price to rise and selling, Contracts For Difference are more like BETTING ON the way the market is going to change.
It’s like the difference between owning a race horse, and betting on it without any ownership.
CFDs funds can sometimes invested in directly through a CFD provider, and in other cases, they may be invested in as part of a pension such as a SIPP.
But not everyone is told that Contracts For Difference are HIGH-RISK and may not be suitable for them, especially considering some people are advised to invest their whole pension fund into them.
Investing in CFDs is like handing your money to a professional to make bets for you, which means they can go up or down.
In fact, with CFDs, you can actually lose more money than you bet!
Many people are now realising they have been mis-sold their Contracts For Difference via a SIPP pension, and may be able to make a claim against their financial adviser.
Check to see if you can make a claim for a mis-sold pension with our FREE initial assessment service.Get started now
CFDs are high-risk because they are NOT regulated by the Financial Conduct Authority.
This means that the UK’s financial services watchdog is not looking over the shoulder of every firm operating in the CFD market, making it more open to problems, general mis-conduct and more.
As mentioned, with CFD investments you can lose more money than you actually invested into the fund.
Because of this high-risk nature, financial advisers should be ensuring that potential investors who come to them for advice are knowledgeable, experienced investors who understand the market and what they are doing, and have the money to recover if things go wrong.
As is surprisingly common in the SIPP pensions market, many financial advisers get this wrong, putting their clients’ retirement funds at unsuitable risk, which can become all-too-real.
If you invested in CFDs through a SIPP pension, you may have a claim for financial negligence. Find out with a free initial assessment with Get Claims Advice.
If you invested in CFDs, you may be able to claim
Several financial advisers and the FSCS have been paying out compensation for the mis-selling of CFD investments via SIPPs and SSASs for a few years, with Get Claims Advice often leading the claim on a No Win – No Fee* basis.
Then you may have been mis-sold, and you could be able to make a claim for negligent SIPP advice.Speak with an expert
Find out now with a free call back from one of our specialists
Click the button below to see an example of a Get Claims Advice claim over a mis-sold SIPP investmentSee example claim
Speak with an adviser to see if you can make a claim on a No Win – No Fee* basis