INFINOX Increased Client Money Insurance

INFINOX Capital Limited (“INFINOX”) is a UK-based FX and CFD broker and has acquired Client Money in surance up to £500,000, aiming to take clients protection to the next level.

INFINOX, an FCA authorised and regulated broker headquartered in London, has raised the threshold of clients’ insurance above the £50,000 compensation per customer provided by the Financial Services Compensation Scheme (FSCS), which is a fund of last resort for customers of UK authorised firms provided in case of a firm’s default or insolvency. In the move to ensure higher security and peace of mind of its clients, and in addition to the protection afforded to the retail investors by the FSCS, INFINOX has covered each retail client individually up to £500,000.

This insurance policy is underwritten by QBE Underwriting Limited and other participating syndicates at Lloyd’s of London and comes as standard, at no cost to INFINOX retail clients. The main driver behind the purchase of such an insurance policy is to give additional confidence and rest assurance to retail clients that their money is protected above the compensation provisions of the FSCS, should the firm become insolvent and where there would be a shortfall in customer assets that they will be fully reimbursed even if their deposit exceeds the current compensation threshold of £50,000. Therefore this insurance policy provides the investor far greater protection and compensation rights than ever before.

Robert Berkeley, CEO INFINOX explains this decision: “The fundamental philosophy at INFINOX has always been to provide a personal account manager. The level of ambition and excellence our customers strive for, means we must show our commitment to integrity and trust by adding this level of security. Our clients want to feel confident and secure with us as their broker which is why we have purchased a separate insurance protection of £500,000 from Lloyd's of London.

This represents another major step for high end Forex traders and Introducing Brokers (IBs) worldwide.

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