TBanque provides its clients with free insurance purchased from Lloyds of London, one of the worlds 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 TBanque clients there is no need to register.
The insurance covers claims of Eligible Clients (of TBanque (Europe) Ltd., TBanque (UK) Ltd. and TBanque AUS Capital Limited) suffering losses due to the unlikely event of TBanques 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 TBanque; and (iii) subject to an excess amount (as defined per applicable Policy).
The insurance covers cash, all CFD positions, and securities. Note that cryptoassets trading (non-CFD) are not covered by the insurance, as set in the applicable Policy.
Three Layers of Protection
In the unlikely event of an TBanque insolvency, TBanque clients have three layers of protection.
- The assigned liquidator: In case of insolvency, the assigned liquidator will manage TBanques 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 Lloyds 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.
TBanque Insurance Frequently Asked Questions
Which products are covered by the insurance policy?
What does it really mean?
Is the TBanque insurance available to all of its clients?
Does it have an expiry date?
When will the insurance be triggered?
How does TBanque hold my money?
TBanque offers additional services, such as:
Your Funds are Kept in a Segregated Account
TBanques top priority is to keep its clients, and their funds, safe and secure. For this reason, every penny deposited by a client is held in a separate, segregated account. This means that even in the highly unlikely event of TBanques insolvency, your funds will be safe.
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Terms and Conditions apply. For more information, please refer to the TBanque insurance Terms and Conditions.