Wall Street Investment provides its clients with free insurance purchased from Lloyd’s of London, one of the world’s leading providers of specialist insurance, giving coverage of up to 1 million Euro, GBP, or AUD (depending on the region). The insurance is given automatically to all Wall Street Investment clients — there is no need to register.
The insurance covers claims of Eligible Clients (of Wall Street Investment (Europe) Ltd., Wall Street Investment (UK) Ltd. and Wall Street Investment AUS Capital Limited) suffering losses due to the unlikely event of Wall Street Investment’s insolvency and in case of Event of Misconduct (as defined in the applicable Policy).
The insurance covers: (i) up to 1 million Euro, GBP or AUD (depending on the regulated entity); (ii) up to the aggregate limit purchased by Wall Street Investment; and (iii) subject to an excess amount (as defined per applicable Policy).
The insurance covers cash, all CFD positions, and securities. Note that cryptoassets Investing (non-CFD) are not covered by the insurance, as set in the applicable Policy.
Three Layers of Protection
In the unlikely event of an Wall Street Investment insolvency, Wall Street Investment clients have three layers of protection.
* The assigned liquidator: In case of insolvency, the assigned liquidator will manage Wall Street Investment’s assets and money distribution among its clients, if applicable.
* Regulatory protection: For clients under FCA or CySEC regulations, certain regulatory schemes apply (FSCS and ICF, respectively), which compensate clients in the event of insolvency and a shortfall of client funds. The FSCS (FCA) offers coverage of up to 85,000 GBP; while ICS (CySEC) offers coverage of up to 20,000 Euros.
* Private insurance: Provided by Lloyd’s of London, this investment insurance policy covers losses suffered due to insolvency, subject to an excess amount, and up to 1 million GBP/Euro/AUD per client as described above.
