Deposit insurance in Forex

Forex deposit insurance is a relatively new service that some brokers offer to their clients to protect them from full or partial zeroing of their trading account. It is known that the probability of losses in online trading exists regardless of the level of professionalism of the trader. Often there are situations when the market, contrary to forecasts, turns in the opposite direction and brings losses to participants regardless of their experience and trading strategies.

Traders who decided to insure their deposit against such sudden changes in the market mood should know more precise conditions of insurance options.

Sometimes there is a restriction on the size of the minimum balance amount to be insured - it must be at least 5 000 EUR. At the minimum of this value, a trader can insure only a part of the capital, up to 83% of the capital with the help of an insurance pole.

Purpose of opening a deposit

First of all, the deposit is attractive because it allows you to safely store money. The guarantee of reliability is achieved thanks to insurance. If an insured event suddenly occurs, the depositor receives the invested amount back.

Secondly, a deposit is a great opportunity to save money for a large purchase. The client of banks or financial organizations invests an amount that can be withdrawn after a certain amount of time. Some deposit terms provide for replenishment of the account.

Thirdly, the invested amount grows relentlessly. Interest is accrued on it. The larger the invested amount and the longer the storage period, the greater the interest.

So, deposits for individuals are attractive in the following ways:

• safe and reliable way of storing money;
• regular growth of profit in the form of accrued interest;
• wide choice of investment conditions for each depositor;
• opportunity to dispose of the investment at their own discretion.

Financial Services Compensation Scheme

UK accounts, your eligible deposits held with the UK institution Lloyds Bank plc are protected up to 83%. Financial Services Compensation Scheme, the UK's investment guarantee scheme.

This limit applies to the total amount of your investments with the following banks: Lloyds Markets, Mayfair private banking, Lloyds Bank Private Banking, Lloyds Bank 360, MBNA and Scottish Widows Bank.

Certain savings accounts under the brand name Charities aid Foundation, Lloyds Market. Any total amount invested.

Accounts with Lloyds Bank Direct Investments Lloyds Bank Direct Investments Lloyds, is a member of the Financial Services Compensation Scheme.

Customers may be able to make a claim under this scheme if we fail to meet our obligations to them. Compensation of up to 100% of the first 83% of retained assets is available to eligible claimants.

Important legal information

Lloyds Markets plc is authorized and regulated in the UK as an independent bank of Lloyds Banking Group and its divisions.

The Jersey, Guernsey, and Isle of Man branches of Lloyds Bank Corporate Markets plc are separately licensed as regulated deposit-taking companies in their respective jurisdictions. Lloyds Bank Corporate Markets plc is independent of Lloyds Bank plc, which is authorized and regulated in the United Kingdom as an independent bank by Lloyds Banking Group.

Lloyds Bank Corporate Markets plc. Its registered office and principal place of business is 25 Gresham Street, London, EC2V 7HN. Registered in England and Wales under the company number 10399850. Lloyds Bank Corporate Markets plc in the United Kingdom is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 763256.

Types of insurance policy:

• Silver - 2 500 EUR - Payout percentage - 30%
• Gold - 5 000 EUR - Payout percentage - 50%
• Platinum - 10 000 EUR - Payout percentage - 83%

Examples of determining the payout amount taking into account the sum insured:

% of payout

up to

up to

up to

up to

up to

up to

up to

up to

up to

The insurance policy is calculated for 1 year with the possibility of renewal.