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ThinkMarkets, a brokerage offering a foreign exchange (FX), contracts-for-difference (CFDs), and metals products, has renewed their £1 million ($1.3 million) additional customer insurance protection, currently pegged as one of the most robust levels of compensation being deployed, relative to other brokers in the UK, according to a company statement.
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Many brokerages from around the industry routinely rely on the use of insurance policies or strong capital backstops. In addition, per the Financial Services Compensation Scheme (FSCS), all brokers regulated by the UK’s Financial Conduct Authority (FCA) ... (read more)