Client money
insurance
It's important to know that you are trading with a trusted firm that has the protection of your funds at heart. Which is why we are proud to offer clients the security and peace of mind by insuring clients’ funds above the threshold provided by the Investor Compensation Fund (ICF) in the unlikely event of insolvency.
This insurance is included in your account with Skilling Limited and was purchased from Lloyd’s of London, one of the world’s leading providers of specialist insurance.
- This insurance gives coverage of up to 1 million Euro per account, or up to the aggregate limit purchased (subject to an excess amount as defined per applicable Policy).
- It is automatically provided to all Skilling Limited retail clients & small enterprises. There is no need to register and it comes at no additional cost.
- This insurance covers claims from Eligible Clients suffering losses in the unlikely event of the insolvency of Skilling Limited.
- The insurance covers cash, all CFD positions, and securities.
- This policy is underwritten by ARCH 2012 and other participating syndicates at Lloyd’s of London.
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FAQs
Who is covered?
All retail clients of Skilling Limited are covered. Each eligible client of Skilling can claim , subject to an excess amount and to the limit purchased as per the Policy evidence of cover.
Which Products are covered by the insurance policy?
The insurance covers cash, all CFD positions, and securities.
Does it have an expiry date?
Skilling Limited may withdraw the insurance at its discretion at any point.
Does the insurance have a cost to me?
No, the account insurance is included with your Skilling account at no extra cost.
When will the insurance be triggered?
In the unlikely event of Skilling Limited’s insolvency, the insurance may be triggered thereafter subject to amounts paid out firstly by the Investor Compensation Fund.
How does Skilling hold my money?
Skilling Limited holds your funds in top-tier financial institutions in segregated accounts. As a regulated financial institution, Skilling is proud to follow very strict guidelines when handling and safeguarding customer funds. We segregate customer funds from our operational funds. Customer deposits are held with regulated credit institutions or authorised banks and are spread across multiple institutions to mitigate concentration risk.
Would I still be eligible for the ICF protection?
Yes, this policy is in addition to the ICF scheme for eligible clients under Skilling Limited, which is regulated by CySEC.