INFINOX Capital Limited (“INFINOX”), an FX and CFD broker which is authorised and regulated by the Financial Conduct Authority, has increased their additional clients’ deposit protection to £1,000,000 from the previous £500,000.
LONDON, 17-Jul-2017 — /EuropaWire/ — Based in the City of London and authorised and regulated by the Financial Conduct Authority since its founding in 2009, INFINOX (infinox.com/en) has decided to expand its client funds insurance policy to £1,000,000. The insurance policy is underwritten by QBE Underwriting Limited and other participating syndicates and comes as standard, at no cost to INFINOX’s retail clients.
It is the second time during this year for the retail broker to raise the threshold of clients’ insurance above the standard £50,000 compensation per customer, per claim, provided by the Financial Services Compensation Scheme (FSCS) for customers of firms authorised and regulated by the Financial Conduct Authority (FCA), in case of a firm not being able to meet its financial obligations due to insolvency. In January 2017, INFINOX announced covering each retail client individually with such additional insurance up to £500,000.
Robert Berkeley, CEO of INFINOX, comments on this step: ‘INFINOX has built a reputation as a major player in the Forex industry, through underpinning dynamic products with competitive trading parameters and a premium customer experience. At INFINOX, our core value is treating every single client as a partner. In the move to ensure even higher security and the confidence of our clients, we decided to raise our additional clients’ money insurance to £1,000,000 from the previous £500,000. This is our way to show what best practice is, and what integrity and premium client service actually means’.
This type of additional insurance becomes important under extreme circumstances of a firm’s insolvency and where a firm is unable to meet its financial obligations or claims made against it, and enables clients to either claim against Infinox Capital Ltd or the insurance provider. Therefore, this insurance policy provides investors far greater investor protection and compensation rights than ever before.
For more information, visit https://infinox.com/en/client-funds-insurance
INFINOX is an internationally recognised Forex Company based in the City of London. INFINOX provides online trading services to clients in the UK, EU and the rest of the world. As a financial services provider, INFINOX is Authorised and Regulated by the Financial Conduct Authority since 2009.
Please see the Financial Conduct Authority (FCA) Firm Reference Number (FRN) 501507 for further details.
Risk warning: Trading derivatives and FOREX (FX) carries a high level of risk to your capital including losing more than your initial deposit. The effect of leverage is that both gains and losses are magnified. The past performance of a financial instrument is no guarantee or indicator of future performance. Trading derivatives and FOREX (FX) may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent financial advice if necessary. You should only trade FOREX (FX) if you have sufficient investing experience and knowledge, a thorough understanding of the risks involved and if you are dealing with money that you can afford to lose.”
INFINOX CAPITAL LTD, “INFINOX,” is a major provider of online foreign exchange (FOREX FX) trading services, offering margin FX and commodities trading to individuals and institutional clients worldwide. INFINOX is authorised and regulated by the Financial Conduct Authority under register number 501057 since 2009. INFINOX CAPITAL LTD is a company registered in England and Wales under number 0684853. Registered office: Birchin Court, 20 Birchin Lane, London, EC3V 9DU, United Kingdom.
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Media contacts: INFINOX CAPITAL LTD
+44(0)20 3713 4490
Birchin Court, 20 Birchin Lane, London, EC3V 9DU, United Kingdom
SOURCE: INFINOX CAPITAL LTD