In the labyrinth of financial markets, some names stand out — not for their success, but for the clouds of suspicion surrounding them. In recent years, one name, Tradenext Ltd, has caused significant turmoil among investors and financial experts. In this article, we shed light on the circumstances surrounding Tradenext Ltd, which was dissolved on 4th May 2021, raising concerns about investments linked to the British Steel pension fund.
Tradenext Ltd: A Brief History
Tradenext Ltd, also recognised as TradeNext Prime, FCI Tradenext, Trader, i-Pay, Remitnext, TradenextGlobal, and i-Trader, was an established stockbroker and financial advisor. However, since 5th February 2018, it is no longer authorised to operate, giving rise to questions about potential mis-selling practices.
The company's failure on 14th June 2022, when it was declared in default by the Financial Services Compensation Scheme (FSCS), has left numerous investors seeking answers about their financial security.
The British Steel Pension Fund Connection
One crucial aspect of Tradenext Ltd's history lies in its association with the British Steel pension fund. If you were a client of Tradenext Ltd during its active years and your investments were linked to the British Steel pension fund, you may have valid grounds to pursue a mis-sold claim.
Understanding the complexities of such cases, our dedicated team is here to help you navigate the process and seek the compensation you deserve.
Tradenext Ltd was incorporated on 17th March 2010 and was registered in London. According to the FCA register, between June 2012 and August 2015, several firms were Appointed Representatives of Tradenext Ltd.
Albus Capital Limited
Bull Capital Market Limited
Foreign Currency Innovations Limited
Tradecrowd Technology Ltd
Appointed Representatives perform regulated activities under the responsibility of an authorised firm, known as the principal. The authorised firm is responsible for ensuring that the Appointed Representative is fit and proper and complies with FCA rules.
Where Does Tradenext Ltd Stand Today?
As of 05 February 2018, Tradenext Ltd lost its authorisation, meaning it could no longer provide regulated activities and products. Despite its prior authorisation by the FCA, its position became precarious, culminating in its eventual failure in 2022.
How CP Financial Claims Can Assist
Amidst the storm, CP Financial Claims emerges as a beacon of hope. As one of the UK's premier claims companies, our client reviews and success rates speak for themselves. We understand the intricacies of the Tradenext Ltd situation and can guide affected parties through the process.
If you believe you might have an eligible claim against Tradenext Ltd, t's crucial to note that the FSCS has specific compensation limits, varying based on the nature and timeline of the mis-sell. But with CP Financial Claims by your side, you'll be armed with the information, support, and guidance needed.
Your Next Steps
There is currently not a lot of information out there regarding Tradenext, however, as and when we find out more, we will update you.
If the name 'Tradenext Ltd' or any of their other trading names resonate with your past financial dealings, it's crucial to take proactive steps. Submit your details in the form at the bottom of this page, for a free, no-obligation chat with our team.