Being a responsible broker, we have taken out Client Money Insurance (CMI) on behalf of our clients to add additional protection so you can focus on trading.
Just like any insurance, Client Money Insurance is there in case something goes wrong. For example, in the highly unlikely event of our business being declared insolvent, and there being a shortfall in segregated customer assets, the insurance policy would cover any outstanding amounts, up to US$1,000,000 per client.
CMI has been put in place to cover a “worst case” scenario such as our business suddenly and unforeseeably being declared insolvent. This insurance can’t be used to cover legitimate losses made during the course of normal trading activity.