CFDs Helpdesk
  CMC Markets > CFD > Important Information > Compensation Scheme >

Compensation Scheme
 

Compensation Scheme

As a client of CMC Markets, you may benefit from the protection offered by the Financial Services Compensation Scheme ("FSCS"), in the event that CMC Markets become insolvent or cease trading.

The FSCS was created on 1 December 2001, when the Financial Services and Markets Act 2000 came into force, and acts as a 'safety net' for clients of authorised firms (i.e. FSA regulated financial services firms such as CMC Markets).

The FSCS is available when an authorised firm goes into default, and is unable or is likely to be unable to pay claims made against it by clients. For investment firms, the FSCS can pay up to £50,000 per client per firm.

Using the scheme does not cost you anything, but to qualify for compensation you need to be eligible within the FSCS rules. Generally, the FSCS covers private individuals, as well as some small businesses.

Further information on the FSCS can be obtained from the FSCS website, www.fscs.org.uk or by calling the FSCS Helpline on +44 (0) 20 7892 7300.

 
Contact Us
Spread Betting, CFDs and Forex are leveraged products and carry a high degree of risk to your capital and it is possible to lose more than your initial investment. Only speculate with money you can afford to lose. These products may not be suitable for all investors, therefore ensure you fully understand the risks involved, and seek independent advice if necessary. CMC Markets UK Plc and CMC Spreadbet Plc are authorised and regulated by the UK Financial Services Authority. The Irish Financial Services Regulatory Authority has a supervisory role in respect of CMC Markets Ireland conduct of business and transaction reporting obligations.*Tax laws can change.