Client Fund Insurance: Paid For By Us, For Your Peace Of Mind
With Mitrade, you’re automatically covered with fund protection through our Client Fund Insurance Policy—all at no cost to you. Underwritten by Lloyd’s of London, a world-leading insurer, this excess of loss insurance offers extra fund protection in rare insolvency circumstances.
Our Client Fund Insurance Policy kicks in when it matters most. The broker insurance complements our existing segregated fund practice and stringent compliance standards, offering you robust, multi-layered fund security against unforeseen events.
We go beyond regulatory compliance, raising the bar on trader care to provide you with fully paid of insurance under four globally trusted licenses—CIMA, FSC, ASIC, and CySEC—because your peace of mind matters.
- You are automatically covered by up to $1,000,000.
- The policy covers up to the aggregate limit purchased by Mitrade.
- Claims payable are subject to an excess amount, as outlined in the applicable terms.
- Coverage applies to amounts exceeding an initial threshold of $20,000.
Mitrade Provides You with Tri-Level Financial Protection
Mitrade’s Client Fund Insurance - Frequently Asked Questions
What is Mitrade’s Client Fund Insurance?
The Client Fund Insurance, also known as our excess of loss policy is a complimentary insolvency insurance scheme fully funded by Mitrade. It provides coverage of up to $1,000,000 per individual under our licenses with CIMA, FSA, CySEC, and ASIC. This policy is underwritten by Lloyd's of London, a globally trusted and reputable specialist insurer.
Who is covered under this excess of loss insurance?
All Mitrade CFD traders with existing funds on our trading platform are automatically covered. There is no need to apply or pay for this broker insurance coverage. To be eligible to file a claim your existing funds must exceed the initial amount of $20,000 on our platform.
When is Mitrade’s client fund insurance triggered?
The insurance is triggered only in the unlikely event of Mitrade’s insolvency. Insolvency occurs when a company is unable to meet its financial obligations, such as paying debts, due to insufficient funds or assets. In such rare cases, our client fund insurance provides additional protection for eligible traders.
How does the client fund insurance policy differ from segregated funds protection?
While your funds are already safeguarded through our existing practice of fund segregation, the excess of loss insurance provides an extra layer of security, as it is not a requirement by standard regulatory compliance. The client fund insurance allows eligible traders to file a claim in the rare case of company liquidation.