Forex brokers with bankruptcy insurance
Trading on the Forex currency market involves the risk of losing invested funds, and you can lose money not only as a result of trading, but also due to the bankruptcy of the broker.
Over the past few years, there have been virtually no bankruptcies of large brokerage companies, so many traders gradually began to forget that such a danger exists.
But, as soon as force majeure circumstances arise, many brokers will refuse to fulfill their obligations to clients.
In such a situation, the most effective protection of your money may be deposit insurance, but insurance companies do not risk providing such a service.
Fortunately, there is an alternative option - exchange trading through brokers insured by The Financial Commission.
The money of clients of brokerage companies included in this organization is insured in a compensation fund in the amount of 20,000 euros, and funds can be paid not only in the event of bankruptcy, but also if financial disputes arise between the client and the broker.
Recommended brokers members of The Financial Commission
Alpari ( www.alpari.com ) - membership of the world's largest broker in The Financial Commission serves as both an additional advantage for the broker's clients and confirms the seriousness of this organization:
Amarkets ( www.amarkets.org ) has been a member of the Financial Commission for nine years, but in addition, it regularly undergoes an audit of the quality of order execution, therefore it also has the VerifyMyTrade status:
NPBFX ( http://www.npbfx.org/ ) - was registered with The Financial Commission in 2015 and has since fully complied with the terms of membership:
RoboForex ( www.roboforex.org ) is another insured broker that has not only been a member of TFC since 2014, but also successfully passed the audit in August 2022:
At the same time, I would like to note that insurance is not all the advantages of the brokers listed above; in addition, the companies differ in the quality of the services provided.
In fact, they always occupy the top lines of broker ratings and receive awards at specialized international competitions.