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Can I sue an online trading company after making a huge loss of money?

I have not done any trading online before. However, I found one company that is recommended by the UAE government that I contacted online and I was called shortly after that and trading started.

I had no education on what is going on and my account manager was the one who tells me what to do, like close trade, open trade, buy or sell and how many lots to put. I lost approx. AED 70000 in 6 days.

Do I have a case and can I retrieve my money back?

Ahmed Mohammed Bashir Advocates & Legal Consultancy
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2 Jul 2022, 11:43

Dear questioner

You most probably do not have a case, but we need to review the documents that govern the relationship between you and that trading company to search for any loopholes that allow you to sue.

For more information, please contact us on WhatsApp.

2 Jul 2022, 13:53

Thank you,

I was doing online trading. The trading is done by an account manager. He dictates what to do, I only follow his instructions.

3 Jul 2022, 00:28

Then we need to review the contract to understand the nature of your relationship and the limits of his liability.

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