FSCS in-default register

Foreign Currency Innovations Ltd, trading as FCI, FCI Markets, FCI Capital Management

Declared in default6 February 2025FRN 616985

What this means for you

Because Foreign Currency Innovations Ltd, trading as FCI, FCI Markets, FCI Capital Management 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

Foreign Currency Innovations Ltd, trading as FCI, FCI Markets, FCI Capital Management, and Earnex (FRN 616985), has been declared in default by the Financial Services Compensation Scheme as of 6 February 2025. The firm provided investment advice and operated unregulated collective investment schemes. Eligible customers may claim compensation of up to £85,000 for investment losses under FSCS protection rules.

Products this firm wrote

Investment adviceUnregulated Collective Investment Schemes (UCIS)

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.