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Insurance

Do you know what happens if your broker goes bankrupt?

When choosing a broker, it is essential to know how your money is protected and how much compensation you are eligible to
claim, should the firm go bankrupt. Let’s break it down.

What the law says

Brokers who have the permission by the Financial Conduct Authority (FCA) to hold and control client money are required to do so in segregated accounts. This means, that if a broker defaults, client funds in theory remain unaffected.

The bankruptcy scenario

If a broker defaults and there is a shortfall in client assets, meaning funds that were supposed to be kept in segregated accounts turn out not to be, traders are protected by the Financial Services Compensation Scheme (FSCS).

The standard protection

The FSCS covers up to £85,000 per trader, but not per account. If a trader is owed more than £85,000 by an insolvent broker, it is unlikely that their funds will be recovered.

The GLOBAL GATE CAPITAL LIMITED protection

At GLOBAL GATE CAPITAL LIMITED, we go above and beyond the industry standard. We are offering an exclusive insurance covering the deposits of retail and elective professional traders up to £5 Million.

£5 Million Insurance on top of FSCS £85,000 protection
Applies to retail and elective professional clients
No extra cost. No undisclosed fees.
No opt-in required

    protection Holo Limited

Site secure protection

Comprehensive website security software protects your website from malicious cyber threats. This includes the protection of your site code and web applications. Website Scanning, Malware Removal, Vulnerability Patching, Web Application Firewall (WAF).

DDoS-GUARD is one of the leading service providers on the global DDoS protection and content delivery markets since 2011. Unlike most of other companies, we provide services using our own network of scrubbing centers having sufficient channel and computing capacities to process high volumes of traffic. We do not resell other companies' services claiming them as our own.

Comodo is a company that has been built upon the very foundation of trust, believing that every single digital transaction must have a layer of trust and security built in. Thousands of companies and organizations rely on Comodo’s technology to authenticate, validate and secure their most precious asset – information – and to combat the constant malware and cyber-attacks that are creating havoc on a global scale.

GeoTrust is a digital certificate provider. The GeoTrust brand was bought by Symantec from Verisign in 2010, but agreed to sell the certificate business in August 2017 to private equity and growth capital firm Thoma Bravo LLC.

McAfee Corp. is an American global computer security software company headquartered in San Jose, CA. The company was purchased by Intel in February 2011, and became part of the Intel Security division.

Trustwave Holdings is an American independent standalone business unit and cybersecurity brand of Singaporean telecommunications company Singtel Group Enterprise and focuses in enterprise network security and internet security.

Global Gade Contacts

Address: 25 Maddox Street, London, United Kingdom, W1S 2QN

Phone: +44 753

E-mail: [email protected]

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