ICM Capital, an international online Forex and CFD trading firm, unveiled that it has enhanced its client-fund protection to cover £1,000,000.
The new insurance is available to all ICM Capital live account holders at no additional cost. It is underwritten by QBE Underwriting Limited and other participating syndicates at Lloyd‘s of London.
The FCA regulated broker has joined FXPRIMUS and ThinkMarkets in providing clients with enhanced and extended protection for their funds via Lloyd‘s of London.
The broker has previously offered investor protection under the Financial Services Compensation Scheme (FSCS), which covered up to £50,000.
ICM Capital presents a clear separation between the firm‘s funds and its traders‘ money as per the FCA‘s client-fund protection rules, with funds being segregated from the company‘s money.
In addition, ICM Capital offers Negative Balance Protection, which implies the traders will not lose more money that they are trading with.
“We are extremely proud to be entering 2017 with an announcement that goes above and beyond the market‘s expectations when it comes to client protection. ICM Capital can now benefit from enhanced fund protection up to £1,000,000. As a multinational organisation, the security we provide for our clients is of the greatest importance. We continually enhance resources for our traders, ensuring improved safety and support across our global offices,“ said Shoaib Abedi, Director at ICM Capital.
Lloyd‘s of London is an insurance market located in London’s primary financial district, the City of London. It is backed by substantial global capital and has admirable financial ratings, which is not surprising considering the fact that it has been providing insurance services for more than 300 years.
About ICM Capital
Founded in 2009, ICM Capital is a London-based Forex broker that has representative offices in Dubai, Mauritius and China. The minimum initial deposit is $200, which is usual for the forex market. The firm offers a single platform MT4, which is the industry‘s standard trading platform and the preferred choice of most experienced traders.
The tradable instruments that the ICM Capital website offers are forex, futures, gold, silver and stock indexes.