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Leading Broker ActivTrades Increases Client Protections to 1 Million Pounds

8 Sep 2017 - London, UK
Source: ActivTrades Press Release

ActivTrades, one of the leading online financial brokers, has increased its client funds protection insurance from 500,000 pounds to 1 million pounds, in excess of the FSCS threshold.

As a UK-regulated firm, ActivTrades is covered by the standard Financial Services Compensation Scheme (FSCS). The scheme, introduced in 2001, provides protection to clients if an authorised firm is unable to pay claims against it, up to 50,000 pounds per client.

ActivTrades, with offices in Europe and the Middle East, previously offered all its clients insurance up to 500,000 pounds. Now, as part of its ongoing commitment to protect its global customer base, the firm has doubled its insurance to 1 million pounds, at no additional cost to its clients. This upgraded protection will provide further assurances to clients with significantly larger investments.

Finance Director Juan Scarabino said, 'Our corporate values centre on the needs of our clients and our decision to increase the level of protection we offer is just another example of this. In times of rapid industry changes, the market requires some degree of security and we're pleased to say we go the extra mile. For example we implemented Negative Balance Protection back in 2013. Our global customer base of over 50,000 is increasing year-on-year and in the second quarter of 2017 we recorded nearly 20 000 active traders and an average monthly trading volume close to $90 billion from January to July 2017. This proves that we are successfully meeting the market's expectations.

About ActivTrades

ActivTrades is a leading independent broker providing online trading services in Forex, Contracts for Difference (CFDs) and Spread Betting operating since 2001. From its headquarters in London and its offices in Milan, Sofia and Dubai, ActivTrades serves an expansive global clientele who, over the years, have come to value its continuous innovation, excellent trading environment and effective risk management.

ActivTrades' award winning customer service is available 24 hours a day, Sunday evening through to Friday, and assists clients in 14 languages via phone, email and live chat.

Various globally recognised awards have confirmed ActivTrades' high standards over the years in areas like customer service, client protection and trading execution. The firm was also included in the Sunday Times Profit Track 100 list in 2017 for its large profit growth.

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