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FSCS Failed Firms · FRN 616985

Foreign Currency Innovations — FSCS Claims & Compensation (FRN 616985)

Full legal name: Foreign Currency Innovations Ltd, trading as FCI, FCI Markets, FCI Capital Management, formerly Earnex

FailedInvestments6 February 2025
Quick Answer

Foreign Currency Innovations Ltd, trading as FCI, FCI Markets, FCI Capital Management, formerly Earnex (FRN 616985) was failed and declared in default by the FSCS on 6 February 2025. If you were advised by Foreign Currency Innovations and lost money, you may be able to claim compensation of up to £85,000 from the FSCS. Eligibility depends on your circumstances — a free check takes under a minute.

Foreign Currency Innovations Ltd, trading as FCI, FCI Markets, FCI Capital Management, formerly Earnex appears on the FSCS failed-firms register. It was failed and declared in default on 6 February 2025, in the Investments category.

Foreign Currency Innovations Ltd — which traded under names including FCI, FCI Markets and Earnex — was an investment firm declared in default by the FSCS on 6 February 2025. The FSCS has already paid compensation to former clients in connection with the firm. If you lost money through an investment arranged via FCI, you may be able to claim, subject to the FSCS's eligibility rules.

Foreign Currency Innovations Ltd, trading as FCI, FCI Markets, FCI Capital Management, formerly Earnex has also been known as, or traded as: FCI, FCI Markets, FCI Capital Management, Earnex. If you dealt with any of those names, the same claim routes may apply.

What this means for you

If Foreign Currency Innovations advised you to invest — for example in a bond, fund, or an unregulated or high-risk product — and that advice was unsuitable, you may have a claim. Where the firm has failed, the FSCS may pay eligible losses up to £85,000 per person.

Your options

  • FSCS — where Foreign Currency Innovations has failed, you may claim eligible losses up to £85,000 per person, per firm (the FSCS limit is £85,000 for firms that failed from 1 April 2019, £50,000 for 2010–2019 and £48,000 before that). You can claim free at fscs.org.uk without using a solicitor.
  • A representative — specialist firms can gather the evidence and handle the claim for you, typically on a No Win, No Fee basis.
  • Check your time limit — deadlines vary by route. See our guide to time limits for mis-selling claims, and how compensation is calculated.

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FAQ

Is Foreign Currency Innovations Ltd, trading as FCI, FCI Markets, FCI Capital Management, formerly Earnex still trading?

Foreign Currency Innovations Ltd, trading as FCI, FCI Markets, FCI Capital Management, formerly Earnex (FRN 616985) appears on the FSCS failed-firms register and was failed and declared in default on 6 February 2025. You should always check the current position on the FCA Register and the FSCS website.

How do I claim against Foreign Currency Innovations?

You can claim directly and free of charge through the FSCS at fscs.org.uk, or instruct a representative to handle it for you. Either way, a free initial check can confirm whether you may be eligible.

How much could I claim for Foreign Currency Innovations?

Where eligible, the FSCS pays up to £85,000 per person for Foreign Currency Innovations. The actual amount depends on your assessed loss and your individual circumstances.

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This page is for information only and is not affiliated with the FSCS. You can complain to the Financial Ombudsman Service or claim from the FSCS for free without using a solicitor. Compensation depends on your individual circumstances. This website does not constitute legal advice.

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