Showing results for tags 'tnook'.
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Hi, I think this is new to CAG. I have a trading account with a forex broker. i noticed a few trades on my ledger that I hadn't authorised. On closer examination I discovered my son had been playing with my account. He has a demo account and likes to pretend to trade, but had used my live account a couple times on my iPad/iPhone. My first instinct was to write it off and blame myself for not being diligent enough. Then I came across a potential precedent. SPREADEX LTD V COCHRANE [2012] EWHC 1290 http://www.druces.com/spreadex-vs-cochrane-online-terms-did-not-form-contract/ The case is a victory for the consumer over a forex broker for a few reasons. - Contract was too onside and provided no benefit for the customer - Unreasonable to expect the customer to read the dozens of pages of T&C which are hidden behind a checkbox on a sign up page. Goes against UTTCR according to the judge. It's a long-shot but I have lodged a complaint with the broker asking for the trades to be refunded and quoted the case. If they don't respond favourably I will try the FOS route.
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