Mitrade EU Introduces Excess-of-Loss Insurance Protection
CFD broker Mitrade EU has introduced an excess-of-loss insurance policy for eligible clients under its CySEC license. The discretionary coverage, arranged through Lloyd's of London and funded by the company itself, supplements existing statutory protections such as client fund segregation and contributions to the Investor Compensation Fund required by CySEC regulations. This new insurance is automatically available without additional charges or opt-in requirements from clients. The policy aims to enhance investor confidence and transparency in a sector often criticized for its risks. It covers eligible claims up to €1 million across all combined claims, though it does not protect against trading losses due to market movements. The CEO of Mitrade EU emphasized the company's commitment to client safety beyond regulatory minimums. The insurance coverage became effective on 1 September 2026 and is part of a broader strategy by Mitrade to demonstrate its dedication through concrete actions rather than marketing language.
Topics: CFD broker CySEC regulation insolvency insurance investor protection