Blue Index Limited failed on the 26 January 2012. This company no longer exists, so you may be able to make a claim against it.

Blue Index Limited advised many clients to invest in high-risk investments such as CFDs (Contract for Difference).  Investments in Contracts for Difference (CFDs) are a little different to investing in normal stocks and shares.

Instead of investing your money into the actual share (like buying shares in a company) and making money by waiting for the price to rise in value, Contracts for Difference are akin tobetting on whether the price of the share will rise or fall.  In fact, with CFDs, you can lose more money than you bet!

CFD trading can be traded directly through a CFD provider, and in other cases, they may be invested in as part of a pension such as a SIPP.  Firms like Blue Index Limited would have a Power of Attorney over the CFD Account to allow them to trade on your behalf.

Contract for Difference (CFD’s) are complex financial derivatives, and they are also high-risk.  They may not be suitable for many clients, especially considering some people are advised either to invest their whole pension funds into them or whatever cash savings they may have!