FXFlat offers deposit protection of up to 500,000 euros as of 01.11.2021

Dear customers,

FXFlat now offers its customers even more security. From 01.11.2021, private and professional customers who have the MetaTrader account will enjoy additional free deposit protection of up to 500,000 euros. "We have always written the topic of customer service large," explains Samed Yilmaz, CEO of FXFlat Bank AG, "and in our eyes, this also includes offering our customers security that goes far beyond the legally required level."

Deposit protection at FXFlat is basically based on three pillars. One of them is segregated accounts: Accounts are segregated from company assets so that customer deposits remain independent of the broker. In addition, reserve accounts managed by FXFlat ensure sufficient liquidity. Another pillar is the legal deposit insurance: FXFlat is a member of the Entschädigungsreinrichtung der Wertpapierhandelsunternehmen (EdW); as a result, customers are entitled to compensation of up to 90 percent of the claim. However, this claim is limited at the maximum of 20,000 euros. The new FXFlat deposit protection insurance as the third pillar now significantly expands the service of the online broker in this area: Private customer funds are thereby covered with immediate effect by an additional policy up to 500,000 euros - if the legal deposit protection of 20,000 euros is no longer sufficient, this deposit protection insurance takes effect according to the policy. This extended insurance cover is free of charge for customers.

Please do not hesitate to contact us if you have any questions.

With kind regards

Your FXFlat Team

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