April 2025 – Mitrade, an award-winning Contract for Difference (CFD) trading platform, has introduced a comprehensive Client Fund Insurance Policy, offering traders an additional layer of financial protection. Fully funded by Mitrade and underwritten by Lloyd’s of London, this policy provides coverage of up to $1,000,000 in the unlikely event of company insolvency.
Comprehensive Protection at No Extra Cost
Mitrade’s Client Fund Insurance Policy is automatically provided to all eligible traders at no additional cost. This policy complements existing safeguards, including segregated funds and professional indemnity insurance, to ensure robust protection of client capital. Coverage applies to amounts exceeding an initial threshold of $20,000, with claims payable subject to an excess amount, as outlined in the applicable terms.
Triple-Layered Security Framework
Mitrade’s commitment to trader protection is reflected in its comprehensive security framework:
- Licensed and Regulated: Mitrade Holding is authorized and regulated by the Cayman Islands Monetary Authority (CIMA), the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Commission (FSC).
- Segregated Funds: Client funds are held separately from Mitrade’s operational funds, ensuring they are not used for company activities.
- Excess of Loss Insurance: The Client Fund Insurance Policy provides an additional layer of protection, covering up to $1,000,000 for qualifying claims in the event of company insolvency.
Commitment to Trader Confidence
Mitrade’s initiative to introduce the Client Fund Insurance Policy underscores its dedication to enhancing trader confidence and financial security. By going beyond regulatory compliance, Mitrade sets a new standard in trader protection within the CFD trading industry.
About Mitrade
Mitrade is a global CFD trading platform that offers a user-friendly interface, competitive spreads, and a wide range of trading instruments. With a commitment to transparency and client protection, Mitrade provides traders with the tools and resources needed to navigate the financial markets confidently.
