The minimum insurance amount: $100 - $ 100
The maximum insurance amount: unlimited
Unlimited and Zero Spread accounts aren't insured
In order to get compensation from the company 2 main conditions should be fulfilled - a client has to trade a certain amount of lots (it depends on insured amount) and the insured event should occur
An insured event occurs when a trader’s account balance is 10% or less of insured amount.
Spread is 1 pip wider for all tools on insured account.
There are no time restrictions for a client to trade the required amount of lots.
If a client has less than 50% of required lots traded at the time of insured event occurs promotion participation will be stopped and traded lots will be lost.
If a client has 50% or more of required lots traded, a part of insured amount will be compensated in compliance with the following conditions:
If a client traded from 50% to 70 % of required lots by the time of insured event occurred, 30% of insured amount will be compensated
If a client traded from 71% to 90 % of required lots by the time of insured event occurred, 40% of insured amount will be compensated
If a client traded from 91% to 99 % of required lots by the time of insured event occurred, 50% of insured amount will be compensated.
If a client traded from 100 % of required lots by the time of insured event occurred, 100% of insured amount will be compensated.
If a client credits his/her trading account after insuring, there is always an opportunity to increase the insured amount.
It is not allowed to lower the insured amount.
It is allowed to withdraw from an insured trading account; the balance shouldn’t be less than an insured amount after withdrawal.
In order to cancel 1 pip spread widening, as soon as required volume is traded, a client needs to contact FBS Customer Care.
After insured event occurred a client has to contact FBS Customer Care.
Insured amount is credited back to a trader’s account in 2 business days after checking application in case all the conditions have been fulfilled.
A client has the right to cancel his/her insurance anytime. In this case the amount insured will not be compensated (neither entirely nor partially).