ASIC, CySEC, DFSA +2 more
Forex compensation schemes
Financial markets have compensation schemes in place to safeguard investors in case brokers fail or become insolvent. These schemes are mandatory for Forex broker regulators and provide a certain level of protection for investor funds, depending on the applicable regulations. Forex brokers with compensation schemes are typically well-regulated and comply with the rules and guidelines set by their regulatory body. The maximum amount of compensation can vary based on the regulations, with traders often being protected up to 200,000 USD.
Below is a list of reputable Forex brokers that offer compensation schemes, ensuring your funds are recoverable in the event of broker insolvency.
9.90
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
Platforms
MT4, MT5
9.54
MT4MT5Copy tradingECNHigh leveragePAMMSTP
Regulations
CMA, Central Bank of Curaçao and Sint Maarten, CySEC +5 more
Platforms
MT4, MT5
9.36
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.18
9.00
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, CySEC, FSCA +2 more
Platforms
MT4, MT5
8.82
MT4No deposit bonusCopy tradingPAMMSignals
Regulations
ASIC, CySEC, FCA UK +2 more
Platforms
MT4, Custom
8.64
MT4MT5cTraderCopy tradingECNPAMMSignals
Regulations
ASIC, BaFin, CMA +4 more
Platforms
MT4, MT5, TradingView +1 more
8.46
8.28
7.92
MT4MT5Copy tradingHigh leverageSignals
Regulations
CySEC, FCA UK, FSA Labuan +2 more
Platforms
MT4, MT5
To qualify for compensation, traders generally need to meet specific criteria, such as being classified as retail clients and trading with brokers regulated by the authority offering the compensation scheme. In the unfortunate event of Forex brokers with compensation schemes becoming insolvent, affected traders typically need to file a claim with the compensation fund. This requires providing the necessary documentation to prove their eligibility and the extent of their losses.
Once the claim is verified, the compensation fund will disburse the appropriate amount to eligible traders, within specified limits. It's advisable to opt for Forex brokers that offer compensation schemes for maximum safety, especially considering the volatile nature of financial markets. Extra protection can provide peace of mind and security for traders.
