Security of Funds
Trade with a trusted broker
Your funds are protected with ThinkMarkets
Globally insured and regulated
ThinkMarkets is licensed and regulated by multiple accredited financial bodies around the globe – we strictly abide by these regulations and the security and protection of our clients’ funds is paramount to us.
In the event of broker default, rest assured we are not only fully insured by the Financial Services Compensation Scheme (FSCS), but we have also taken additional measures to add an extra layer of protection for our clients with our own exclusive insurance.
View certificate
Multiple layers of client funds protection
Segregated accounts
We are regulated by the Financial Conduct Authority (FCA) in the UK and are required to hold client funds in segregated accounts as a layer of protection in the case of default. We abide by these rules and are partnered with top-tier banking partners.
FSCS
In the UK, the FSCS was created to cover shortfalls in client assets in the event of broker default. Under this scheme, a trader is covered up to a maximum of £85,000 in funds.
Enhanced insurance
In addition to the FSCS, we have taken out exclusive insurance that will cover our clients’ funds up to £1M. This will work by covering an additional figure on top of the FSCS coverage of £85,000.
How the schemes work
Financial Services Compensation Scheme (FSCS)
As an example, any retail client with funds of £85,000 and below will be protected by the UK FSCS.
If a client has funds over that amount, they are only covered up to £85,000 under this scheme.
ThinkMarkets exclusive compensation scheme
If a client has funds of £150,000 in the unlikely event of broker default, the UK FSCS will protect the first £85,000
The remaining balance of £65,000 is protected by ThinkMarkets exclusive insurance. This means the full £150,000 of client funds are protected.
Here’s an example:
|
|
|
Under FSCS – Protection up to £85,000
|
£
|
|
|
| Client funds in trading account
|
150,000
|
| Funds protected by FSCS
|
85,000
|
| Unprotected funds
|
65,000
|
|
Total client funds protected
|
85,000
|
|
|
|
Under ThinkMarkets’ scheme – Protection up to £1M
|
£
|
|
|
| Client funds in trading account
|
150,000
|
| Funds protected by FSCS
|
85,000
|
| Funds protected by ThinkMarkets’ scheme
|
65,000
|
|
Total client funds protected
|
150,000
|
|
|
Our exclusive insurance covers client funds up to £1M at no extra cost to the client.
ThinkMarkets insurance is available for retail clients and elective professional clients (EPC) only.
*Eligibility criteria applies.
