Financial Services Compensation Scheme
Eligible client funds held by Caxton are also covered by the Financial Services Compensation Scheme (FSCS). For clarity, eligible funds do not include spot or forward FX transactions but does include currency options and non-deliverable forwards. Retail investors, as defined by the FCA (which includes some small companies), are covered by the scheme up to a limit of £85,000 per person, per firm. For clarification, neither Foreign Exchange, E-money nor Payment Services are regulated investment products and so do not fall under the FSCS. Further details of the compensation scheme and to check whether your funds are eligible are available from the FSCS website www.fscs.org.uk.
If you need further clarification on this matter, please refer to our account management team on 0207 042 7629 or e-mail them on info@caxton.io