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Tradenext Global Markets Review
TradeNext Global Markets is closed. Its FCA regulated entity, Tradenext Ltd, was dissolved in 2021, and the FSCS declared it in default in June 2022.
Min Deposit
$2022
Spreads From
Not applicable, the firm is closed and the FSCS declared it in default in 2022
Max Leverage
Not applicable, the firm is closed and the FSCS declared it in default in 2022
Platforms
N/A
Pros
- Once held genuine FCA authorisation, not an unlicensed operation
- First brokerage of Indian origin to win a full FCA license, back in 2010
- FSCS default process gives past clients a real path to compensation
- Ran a prime brokerage service from 2014, showing real institutional reach
Cons
- Tradenext Ltd was dissolved by voluntary strike off in 2021
- The FSCS declared the firm in default on 14 June 2022
- No longer authorised by the FCA, so client protection has lapsed
- Its old TradenextGlobal website no longer loads for visitors today
Tradenext Ltd began trading around 2010 and became the first brokerage of Indian origin to win full FCA authorisation for forex, CFDs, and spread betting. It later added a prime brokerage service in 2014. Over the years the group also used the trading names TradeNext Prime, FCI Tradenext, iTrader, i Pay, and Remitnext, alongside the TradenextGlobal website.
The company applied for voluntary strike off and was dissolved as a UK company in 2021. On 14 June 2022, the Financial Services Compensation Scheme declared Tradenext Ltd in default under FRN 573464, meaning it can no longer meet valid client claims itself. The firm's own TradenextGlobal website no longer loads for visitors.
There is no live TradeNext Global Markets account to open today, no current minimum deposit, and no active promotion. Anyone still owed money by the firm should check their eligibility for an FSCS claim rather than search for a way to log back in or send more funds to any site using this name.
Min. Deposit
USD 2022
Max Leverage
Not applicable, the firm is closed and the FSCS declared it in default in 2022
Spreads From
Not applicable, the firm is closed and the FSCS declared it in default in 2022
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
