Tradenext Ltd, also known as TradeNext Prime, FCI Tradenext, iTrader, i-Pay, Remitnext, TradenextGlobal, i-Trader
What this means for you
Because Tradenext Ltd, also known as TradeNext Prime, FCI Tradenext, iTrader, i-Pay, Remitnext, TradenextGlobal, i-Trader has been declared in default, you can't complain via the Financial Ombudsman Service in the normal way. Instead, eligible customers can apply to the Financial Services Compensation Scheme for compensation.
Background
Tradenext Ltd, operating under trading names including TradeNext Prime, FCI Tradenext, iTrader, and Remitnext (FRN 573464), was declared in default by the FSCS on 14 June 2022. The firm provided pension-related financial services, including pension advice, pension transfer services, and SIPP (Self-Invested Personal Pension) administration. Former customers of the firm may be entitled to FSCS compensation of up to £85,000 in relation to their pension products.
Products this firm wrote
How to claim
- Check you were a customer of this firm during the period it was regulated.
- Gather your policy / advice / contract paperwork — start with anything you have in writing.
- Identify your loss and the date it crystallised.
- Apply via the FSCS online claim portal at claims.fscs.org.uk.
- The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.