Compensation scheme
As a client of CMC Markets, you may benefit from the protection offered by the Financial Services Compensation Scheme ('FSCS'), in the event that CMC Markets become insolvent or cease trading.
The FSCS was created on 1 December 2001, when the Financial Services and Markets Act 2000 came into force, and acts as a 'safety net' for clients of authorised firms (i.e. FSA regulated financial services firms such as CMC Markets).
The FSCS is available when an unauthorised firm goes into default, and is unable or is likely to be unable to pay claims made against it by clients. The maximum level of compensation for claims against firms declared in default is the higher of £50,000 or 50,000 euros per person per firm.
Using the scheme does not cost you anything, but to qualify for compensation you need to be eligible within the FSCS rules. Generally, the FSCS covers private individuals, as well as some small businesses.
Further information on the FSCS can be obtained from the FSCS website, www.fscs.org.uk or by calling the FSCS Helpline on +44 (0) 20 7892 7300.
You may inform the CMC Markets at any time that your personal details have changed or that you wish CMC Markets to delete personal information we hold about you by emailing us at compliance@cmcmarkets.co.uk. CMC Markets will change or delete your personal information in accordance with your instructions.