CFD’s are complex instruments, and there is a high risk of losing money.
Please see the Terms and Conditions below
*Client funds individually covered up to £1,000,000
Until now any amount over the FSCS £50,000 threshold could not be guaranteed in the event of insolvency. Not any longer, ICM Capital is pleased to offer additional security to its clients’ funds above the threshold provided by the Financial Service Compensation Scheme (FSCS).
This policy, underwritten by QBE Underwriting Limited and other participating syndicates at Lloyd’s of London will now provide clients of ICM Capital, protection of funds individually covered up to £1,000,000 as standard.
Are professional clients entitled to claim?
We are a member of the UK Financial Services Compensation Scheme (FSCS). You may be entitled to claim compensation from that scheme if we cannot meet our obligations to you. This will depend on the type of business and the circumstances of the claim; Private individuals are generally protected. However, other types of claimants, such as businesses and charities, may be eligible depending on the type of claim.
What is the FSCS?
The FSCS is the UK's compensation fund of last resort for customers of authorised financial services firms. With the standard Financial Services Compensation Scheme (FSCS) you are covered under the ‘investments’ claim category, whereby the cover is up to £50,000 per person per firm in case of a brokers default or insolvency.
What is Excess of FSCS Insurance?
The FSCS typically provides protection up to £50,000, but what if our client’s assets exceed this threshold?
To address the fears of clients whose assets exceed the FSCS’s threshold, ICM Capital have purchased a new insurance product – Excess of FSCS Insurance. This Policy provides protection on a per client basis, aggregated over the policy period and is underwritten by Lloyds of London. This policy provided clients assurances that their funds are protected above the provisions of the FSCS.
How much insurance have ICM Capital bought?
ICM Capital has purchased insurance that surpasses the £50,000 threshold of exposed capital, increasing the threshold to £1,000,000 per client. Cover for clients that go beyond the sublimit of £1,000,000 can be arranged.
Does it cost me anything?
ICM Capital has purchased this policy on your behalf, there is no direct cost to clients.
Who underwrites this policy?
The policy is underwritten by QBE Underwriting Limited and other contributing syndicates at Lloyd’s of London.
Who & What is covered?
All Retail clients. For Professional clients, this will depend on the type of business and circumstances of the claim; Private individuals are generally protected. However, other types of claimants, such as businesses and charities, may be eligible depending on the type of claim.
How does it Work?
Should the improbable occasion arise, where client assets are not entirely recuperated following the insolvency of ICM Capital, supplementary coverage is afforded to offer protection above the FSCS limit of £50,000 per client. The policy will be upheld providing the following causes have been met:
About Lloyd’s of London
ICM Capital is one of few brokers to provide clients with enhanced and extended protection (in the event ICM Capital becomes insolvent) for their trading funds via Lloyd’s of London, one of the world’s leading insurance organisations. Lloyd’s is known as the world’s specialist insurance market and works with a global network to enhance the insurance possibilities for organisations as well as individuals. It is backed by substantial global capital and has excellent financial ratings.
Why Trade with ICM Capital?
ICM Capital is a leading UK regulated broker, providing online foreign exchange (Forex) and Contract for Difference (CFDs) trading solutions to investors across Europe, the Middle East, North Africa and Asia. With headquarters in London, UK and active support teams spread across the globe our top priority is to offer a safe online trading environment and comprehensive support to all of our customers. The MetaTrader 4 (MT4) trading system is a secure online trading platform providing complete access to a range of investment products including currencies, commodities (gold, silver & oil), stocks, and indices. In addition to this, we pride ourselves on the protection of client funds we offer through the Financial Conduct Authority's (FCA) and the new Lloyd’s of London insurance we provide all live account traders - completely free of charge.
MasterCard is a registered trademark of MasterCard International Incorporated. The Card is issued by Wirecard Card Solutions Ltd (“WDCS”) pursuant to license by MasterCard International Inc. WDCS is authorized by the Financial Conduct Authority to conduct electronic money service activities under the Electronic Money Regulations 2011 (Ref: 900051)” All transfers of funds are processed by Intercash partner banks using the approved Intercash "PrepaidGate" technology.
ICM Capital Limited is authorised and regulated by the Financial Conduct Authority (FCA) Register Number: 520965. ICM Capital Limited is a wholly owned subsidiary of ICM Holding SARL, registered address: 121, Avenue De La Faïencerie, L-1511 Luxembourg. ICM Capital Limited is a company registered in England and Wales, registered number: 07101360. Registered address: ICM Capital Limited, New Broad Street House, 35 New Broad St, London, EC2M 1NH, United Kingdom.