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: stock trading through brokers insured by The Financial Commission.
The funds of clients of brokerage companies included in this organization are insured in a compensation fund in the amount of 20,000 euros, and funds can be paid out not only in the event of bankruptcy, but also in the event of financial disputes between the client and the broker.
Recommended brokers are members of The Financial Commission
Alpari ( www.alpari.com ) - the world's largest broker's membership in The Financial Commission serves both as an additional benefit 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 to this, it regularly undergoes an audit of the quality of order execution, which is why 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 membership requirements:
RoboForex ( www.roboforex.org ) is another insured broker that has not only been a TFC member since 2014, but also successfully passed the audit in August 2022:
It should be noted that insurance is far from the only advantage of the brokers listed above; in addition, these companies also differ in the quality of the services they provide.
In fact, they always occupy the top lines of broker ratings and receive awards at specialized international competitions.
