ICM Capital raises Client Protection Fund to £1,000,000

The UK based Forex Broker ICM Capital raises Client Protection Fund. The company, offering its clients protection to cover £1,000,000.  

5 January, AtoZForex ICM Capital has improved its client-fund protection to cover £1,000,000. Now, all ICM Capital live account holders can utilize this insurance. Moreover, it is free and is underwritten by QBE Underwriting Limited together with other participating syndicates at Lloyd’s of London.

ICM Capital raises Client Protection Fund

ICM Capital is one of a few brokers to offer its clients enhanced and extended protection for trading funds through Lloyd’s of London. With Lloyd’s of London being one of the world’s leading insurance organizations. According to the FCA’s Client Assets Sourcebook requirements, the Financial Services Compensation Scheme (per person per firm) provides protection for up to £50,000. Furthermore, ICM Capital separates the firm’s funds from its traders’ money, with funds being segregated. Hence, in the unlikely event of ICM Capital being declared in default, the brokerage now has a fund protection policy of up to £1,000,000.

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Shoaib Abedi, Director at ICM Capital, comments:

"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 clients can now benefit from enhanced fund protection up to £1,000,000. As a multinational organization, the security we provide for our clients is of the greatest importance. Furthermore, we continually enhance resources for our traders, ensuring improved safety and support across our global offices."

In addition, Lloyd’s of London is the specialist insurance market, working with a global network to improve the insurance possibilities for organizations and individuals. Also, it is backed by substantial global capital and has excellent financial ratings.

About ICM Capital

ICM Capital Limited, headquartered in London, has quickly grown in recent years. It has enlarged its reach in Europe, Middle East, North Africa and Asia. Also, its offices are spread around the globe. Among other categories the Forex, Commodities and CFDs trading firm has been awarded for its excellence in providing the best execution, customer service, and rebates for its traders.

Furthermore, ICM Capital Limited is authorized and regulated by FCA, with Register Number: 520965. ICM Capital Limited is a wholly owned subsidiary of ICM Holding SARL. The parent firm's registered address is: 121, Avenue De La Faïencerie, L-1511 Luxembourg. As for ICM Capital Limited, it is a company registered in England and Wales, with registered number: 07101360. Registered address: Dauntsey House, 4B Frederick's Place, London, EC2R 8AB, United Kingdom.

CFDs and Spot FX are leveraged products. Trading CFD's or Spot FX carries a high risk to your capital. It can result in losses that exceed your deposits. You should not engage in this form of investing unless you understand the nature of the Transaction you are entering into. Also, you should be aware of the true extent of your exposure to the risk of loss. Lastly, your profit and loss will vary according to the extent of the fluctuations in the price of the underlying markets on which the trade is based.

Do you have any questions to ICM Capital? Let us know in the comments section below or contact ICM Capital.

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