FXPrimus forex trader provides clients with 2.5m-euro insurance

FXPrimusEurope, a Cyprus-based online foreign exchange trading platform, has announced that it has put its clients’ funds under stronger protection by launching an insurance scheme with coverage of up to 2.5m euros.

Client accounts of all types qualify for the new coverage, which is provided free of charge and is added to coverage mandated by the Cyprus Securities and Exchange Commission CySEC).

The new coverage will be underwritten by London-based global multi-billion insurer Lloyd’s, according to a statement from FXPrimus, which is headquartered in Limassol.