FSCS in-default register

First Trade UK Limited formerly First Trade Derivatives Limited

Declared in default1 March 2010FRN 194245

What this means for you

Because First Trade UK Limited formerly First Trade Derivatives Limited 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

First Trade UK Limited (formerly First Trade Derivatives Limited), FRN 194245, was declared in default by the Financial Services Compensation Scheme on 1 March 2010. The firm's specific product offerings cannot be determined from available records. Former customers may be entitled to FSCS compensation, though the applicable limit depends on the type of financial product involved.

Products this firm wrote

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How to claim

  1. Check you were a customer of this firm during the period it was regulated.
  2. Gather your policy / advice / contract paperwork — start with anything you have in writing.
  3. Identify your loss and the date it crystallised.
  4. Apply via the FSCS online claim portal at claims.fscs.org.uk.
  5. The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.