FSCS in-default register

Independent Derivative Traders Ltd

Declared in default31 August 2017FRN 186581

What this means for you

Because Independent Derivative Traders Ltd 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

Independent Derivative Traders Ltd (FRN 186581) was declared in default by the FSCS on 31 August 2017. The firm's specific product offerings are not documented in available records. Former customers may be entitled to FSCS compensation up to the applicable limits for any eligible financial products held with the firm at the time of default.

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.