Question: What is FSCS insurance? How much does this cover for each investor?
The FSCS is the UK’s compensation fund for customers of authorized financial services firms like IronFX UK(8Safe UK).
With the standard Financial Services Compensation Scheme(FSCS), traders are covered up to £50,000 per person per firm in case of a brokers default or insolvency.
With IronFX UK, the policy provides clients of 8Safe UK protection of funds individually covered up to £1,000,000 as standard.
*The policy is underwritten by QBE Underwriting Limited and other participating syndicates at Lloyd’s of London.