The Company is a member of the Investor Compensation Fund (the “ICF”). The Fund was established under the Investment Firms (IF) Law 2002 as amended (the “Law”) and the Establishment and Operation of an Investor Compensation Fund for customers of CIFs Regulations of 2004 (the “Regulations”) which were issued under the Law.
The main objective of the ICF is to secure the claims of clients in situations where the CIF is unable to fulfil its obligations.
Retail traders can request compensation from the ICF, but they must keep in mind that maximum amount they can receive is €20,000. It is important to accentuate that it is the maximum compensation a trader can receive when requesting a compensation against a member regardless of the number of accounts, currency, and place of provision of the service.