ICM.com Increases Client Protection with Lloyd’s £5.0M Coverage
- The service is available to all clients of the broker at no additional cost.

UK-based brokerage ICM.com has bolstered the protection of its clients’ insurance measures, bringing all client funds under the protection of up to £5.0 million ($6.23 million), according to a company statement.
The broker, which is licensed by the UK Financial Conduct Authority (FCA) Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its role includes protecting consumers, keeping the industry stable, and promoting healthy competition between financial service providers. The FCA publishes and updates a guide handbook that sets out the rules, guidance, and provisions made by the FCA under its powers. The FCA has supervisory authorities overall financial services firms conducting regulated activities, such as offering loans, car financing deals, any consumer credit. Investment firms carrying on certain activities concerning financial instruments such as shares and bonds, the Markets in Financial Instruments Directive (MiFID) requires you to be authorized. Businesses are providing pre-paid cards or other such financial services, money transfers, E-money, and credit cards. The Financial Conduct Authority (FCA) ExplainedThe Financial Conduct Authority is responsible for all financial activities conducted in the UK or by UK citizens. Parliament gave the FCA a single strategic objective – to ensure that relevant markets function well – and three operational goals to advance, i.e. protecting consumers, integrity, and promoting competition.The FCA has been instrumental in policing the forex industry, including curbing market abuse in the form of scams, schemes, clones, etc. Recent years has seen the authority take a harder stance on investment products, including forex, contracts-for-difference (CFDs), and binary options. The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its role includes protecting consumers, keeping the industry stable, and promoting healthy competition between financial service providers. The FCA publishes and updates a guide handbook that sets out the rules, guidance, and provisions made by the FCA under its powers. The FCA has supervisory authorities overall financial services firms conducting regulated activities, such as offering loans, car financing deals, any consumer credit. Investment firms carrying on certain activities concerning financial instruments such as shares and bonds, the Markets in Financial Instruments Directive (MiFID) requires you to be authorized. Businesses are providing pre-paid cards or other such financial services, money transfers, E-money, and credit cards. The Financial Conduct Authority (FCA) ExplainedThe Financial Conduct Authority is responsible for all financial activities conducted in the UK or by UK citizens. Parliament gave the FCA a single strategic objective – to ensure that relevant markets function well – and three operational goals to advance, i.e. protecting consumers, integrity, and promoting competition.The FCA has been instrumental in policing the forex industry, including curbing market abuse in the form of scams, schemes, clones, etc. Recent years has seen the authority take a harder stance on investment products, including forex, contracts-for-difference (CFDs), and binary options. Read this Term), is required by law to provide up to £50,000 per client under the Financial Services Compensation Scheme (FSCS) in case of its default.
The new insurance is underwritten by Lloyd’s of London, one of the world’s leading insurance organizations. The service is available to all clients of the broker at no additional cost. It’s not clear, however, if they need to submit an application in order to benefit from the new protection fund.
“ICM’s Civil Liability Insurance Programme can provide compensation under a claim made against ICM of financial loss caused from an error, omission, negligence, fraud or the failure to perform its activities or services, for up to £5,000,000 (any one loss and in the Aggregate including defence costs and expenses),” the company said in a statement.
Other brokers in Europe and the UK offer varied levels of protection, but they seldom cross the £1 million threshold. Across a more broad-based field, brokerages from around the industry typically rely on the use of insurance policies or strong capital backstops.
Back in 2016, ICM.com (Formerly ICM Capital) revealed that it has become an official sponsor of the England Polo Team at Chestertons Polo in the Park. As part of the deal, the firm’s logo is placed on the front-side of all Team England polo shirts as the team’s main sponsor.
UK-based brokerage ICM.com has bolstered the protection of its clients’ insurance measures, bringing all client funds under the protection of up to £5.0 million ($6.23 million), according to a company statement.
The broker, which is licensed by the UK Financial Conduct Authority (FCA) Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its role includes protecting consumers, keeping the industry stable, and promoting healthy competition between financial service providers. The FCA publishes and updates a guide handbook that sets out the rules, guidance, and provisions made by the FCA under its powers. The FCA has supervisory authorities overall financial services firms conducting regulated activities, such as offering loans, car financing deals, any consumer credit. Investment firms carrying on certain activities concerning financial instruments such as shares and bonds, the Markets in Financial Instruments Directive (MiFID) requires you to be authorized. Businesses are providing pre-paid cards or other such financial services, money transfers, E-money, and credit cards. The Financial Conduct Authority (FCA) ExplainedThe Financial Conduct Authority is responsible for all financial activities conducted in the UK or by UK citizens. Parliament gave the FCA a single strategic objective – to ensure that relevant markets function well – and three operational goals to advance, i.e. protecting consumers, integrity, and promoting competition.The FCA has been instrumental in policing the forex industry, including curbing market abuse in the form of scams, schemes, clones, etc. Recent years has seen the authority take a harder stance on investment products, including forex, contracts-for-difference (CFDs), and binary options. The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its role includes protecting consumers, keeping the industry stable, and promoting healthy competition between financial service providers. The FCA publishes and updates a guide handbook that sets out the rules, guidance, and provisions made by the FCA under its powers. The FCA has supervisory authorities overall financial services firms conducting regulated activities, such as offering loans, car financing deals, any consumer credit. Investment firms carrying on certain activities concerning financial instruments such as shares and bonds, the Markets in Financial Instruments Directive (MiFID) requires you to be authorized. Businesses are providing pre-paid cards or other such financial services, money transfers, E-money, and credit cards. The Financial Conduct Authority (FCA) ExplainedThe Financial Conduct Authority is responsible for all financial activities conducted in the UK or by UK citizens. Parliament gave the FCA a single strategic objective – to ensure that relevant markets function well – and three operational goals to advance, i.e. protecting consumers, integrity, and promoting competition.The FCA has been instrumental in policing the forex industry, including curbing market abuse in the form of scams, schemes, clones, etc. Recent years has seen the authority take a harder stance on investment products, including forex, contracts-for-difference (CFDs), and binary options. Read this Term), is required by law to provide up to £50,000 per client under the Financial Services Compensation Scheme (FSCS) in case of its default.
The new insurance is underwritten by Lloyd’s of London, one of the world’s leading insurance organizations. The service is available to all clients of the broker at no additional cost. It’s not clear, however, if they need to submit an application in order to benefit from the new protection fund.
“ICM’s Civil Liability Insurance Programme can provide compensation under a claim made against ICM of financial loss caused from an error, omission, negligence, fraud or the failure to perform its activities or services, for up to £5,000,000 (any one loss and in the Aggregate including defence costs and expenses),” the company said in a statement.
Other brokers in Europe and the UK offer varied levels of protection, but they seldom cross the £1 million threshold. Across a more broad-based field, brokerages from around the industry typically rely on the use of insurance policies or strong capital backstops.
Back in 2016, ICM.com (Formerly ICM Capital) revealed that it has become an official sponsor of the England Polo Team at Chestertons Polo in the Park. As part of the deal, the firm’s logo is placed on the front-side of all Team England polo shirts as the team’s main sponsor.