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Screenshot of a breaking news alert e-mail from Q2 2017
FCA regulated retail forex and CFD broker ThinkMarkets has announced the renewal of their £1 million additional customer insurance protection.
The industry standard requires all FCA regulated brokers to offer their clients a minimum of £50,000 in accordance with the Financial Services Compensation Scheme (FSCS).
ThinkMarkets have committed to renew their additional offer of £1 million protection for each client to demonstrate their ongoing commitment to ensuring the security of their retail and professional clients’ assets by allocating their funds to go above and beyond the FSCS requirement.
Faizan Anees, co-founder of ThinkMarkets, commented:
Maintaining investor protection and ensuring their security is paramount to our organisation.
We are proud to be able to call our comprehensive and additional offer of £1 million insurance protection the highest amount currently available in the UK market. We take security very seriously and is a clear demonstration that we continue to strive for excellence in client service.
The highest provision in the UK alongside ThinkMarkets is offered by another UK-based broker at £1 million. Further afield global contenders, such as Canada, offer CAD$ 1 million – from the Canadian Investor Protection Fund – and the Securities Investor Protection Corporation in the USA offer US$ 500,000.
The added protection of the insurance complements ThinkMarkets’ commitment to offering a market leading trading experience with low spreads creating added value for its clients, supported by the recent launch of its proprietary trading platform, ThinkTrader, and its advanced client money protection support.