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Put your money with a broker you can trust. Here’s how we protect the deposits of our traders.
When choosing a broker, it is essential to know how your money is protected and how much compensation you are eligible to claim, should the firm go bankrupt. Let’s break it down.
Brokers who have the permission by the Financial Conduct Authority (FCA) to hold and control client money are required to do so in segregated accounts. This means, that if a broker defaults, client funds in theory remain unaffected.
If a broker defaults and there is a shortfall in client assets, meaning funds that were supposed to be kept in segregated accounts turn out not to be, traders are protected by the Financial Services Compensation Scheme (FSCS).
The FSCS covers up to £85,000 per trader, but not per account. If a trader is owed more than £85,000 by an insolvent broker, it is unlikely that their funds will be recovered.
At ThinkMarkets, we go above and beyond the industry standard. Since 2015 we have been offering an exclusive insurance covering the deposits of retail and elective professional traders up to £1 Million.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.22% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
74.22% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.