ICM.com adds £5M Lloyd’s insurance for traders
ICM.com, a UK-based global multi-regulated financial service provider, today announced that the company has made additional efforts to safeguard its liabilities to its clients and other third parties with a Civil Liability Insurance Programme for up to £5,000,000.
The company and its leadership believe its clients will embrace ICM.com’s forward-thinking approach.
Shoaib Abedi, founder, and director of ICM.com said:
“ICM.com has undergone a remarkable evolution in the past couple of years as we’ve pursued our vision to become the global leading broker. The number one priority of ICM.com has always been maintaining high-quality client support and superior trading conditions to all our clients. We continually look for opportunities to expand and improve our services.”
This new Civil Liability Insurance Programme protects ICM clients against losses caused by any error, omission, negligence, fraud, or the failure to perform its activities or services, for up to £5,000,000. The coverage is for any one-specific loss and in the aggregate including defence costs and expenses. The cost for the Civil Liability Insurance Programme will be absorbed by ICM.com and there will be no additional expenses for ICM clients.
ICM.com provides this programme via Lloyd’s of London, one of the world’s leading insurance organizations. Lloyd’s is known as the world’s foremost provider of specialty insurance and works with a global network to enhance the insurance possibilities for organizations as well as individuals. Lloyd’s is backed by substantial global capital and has excellent financial ratings. The new insurance is available to all ICM.com live account holders at no additional cost and is underwritten by certain underwriters and other participating syndicates at Lloyd’s of London.
In addition to protection via the £5,000,000 Lloyd’s Civil Liability Insurance Programme, UK clients are safeguarded under the Financial Services Compensation Scheme (FSCS) covering up to £85,000 in the event ICM.com becomes insolvent.
The ICM.com brand is authorised and regulated in various jurisdictions around the world: Financial Conduct Authority (FCA) in UK, Financial Services Authority of Saint Vincent and the Grenadines (FSA), Cyprus Securities and Exchange Commission (CySEC), ARIF (Association Romande des Intermediaries Financiers) in Switzerland, Labuan Financial Services Authority (Labuan FSA), and Financial Services Commission in Mauritius (FSC Mauritius).