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From losses to litigation: Client’s lawsuit against broker explained

Royal Courts of Justice
Photo: Getty Images

Will brokers face higher expectations for the standard of care that they provide to consumers?

A recent court case saw a client of Forex Capital Markets Limited (FXCM) looking to recover losses and substantial damages arising from trading oil CFDs in 2020. The case is particularly interesting with the Consumer Duty on the horizon and the prospect of brokers facing higher expectations for the standard