Mitrade adds Lloyd’s insurance covering eligible client claims up to €1 million

  • Mitrade arranged additional insolvency insurance for eligible clients under its CySEC licence.
  • €1 million is the policy’s maximum aggregate coverage across all eligible claims combined.
  • Mitrade EU’s excess-of-loss cover took effect on 1 September 2026.

CFD (contracts for difference) broker Mitrade has arranged discretionary excess-of-loss insolvency insurance for eligible clients onboarded under Mitrade EU Limited’s CySEC (Cyprus securities regulator) licence. The policy, placed through Lloyd’s of London and funded by Mitrade, took effect on 1 September 2026 and supplements statutory safeguards including segregated client funds and contributions to the Investor Compensation Fund. If Mitrade EU Limited becomes insolvent, eligible claims may be covered under the policy’s terms, conditions and exclusions up to a maximum aggregate of €1 million across all claims combined. The insurance excludes trading losses and losses caused by market movements, and clients do not need to opt in or pay an additional charge. Mitrade EU CEO Timur Konsky said the policy reflects the company’s approach to adding protections beyond regulatory requirements. Mitrade operates in eligible EEA markets through Mitrade EU Limited, a CySEC-authorised investment firm holding licence CIF438/23. Other legally separate group entities are authorised by ASIC, CIMA, FSCA, FSC and CMA in their respective jurisdictions. The brand says it connects more than 7 million traders globally to over 1,000 CFDs across indices, forex, commodities, shares and ETFs, while warning that 80% of retail investor accounts lose money trading CFDs with the provider.

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Mitrade adds Lloyd’s insurance covering eligible client claims up to €1 million - CoinPost Terminal