As a responsible broker with a globally trusted reputation, Axi has taken out Client Money Insurance (CMI) on behalf of our clients. What does that mean for you? Simply put: We’re adding additional protection so you can focus on trading.
Our Client Money Insurance policy automatically covers all Axi retail clients (*The CMI policy provides protection for retail account balances above US$20,000)
Client Money Insurance comes at no additional cost to traders
Our policy is underwritten by Lloyds of London, so you know you’re being backed by a reputable provider
Axi clients have the confidence of trading with a multi award-winning broker
Like any kind of insurance, Client Money Insurance is there in case something goes wrong. For example, in the highly unlikely event of our business being declared insolvent, and there being a shortfall in segregated customer assets, the insurance policy would cover any outstanding amounts, up to US$1,000,000 per client.
CMI has been put in place to cover a “worst case” scenario such as our business suddenly and unforeseeably being declared insolvent. This insurance can’t be used to cover legitimate losses made during the course of normal trading activity.
Nothing! Because Client Money Insurance has been taken out on behalf of all our retail traders, you can just carry on trading as normal. In the unlikely event of major business disruption taking place, we’ll be in touch.
If you’re still unsure about what CMI is (or isn’t), just contact your Account Manager or our Client Services team, start a Live Chat or Contact Us.