Client Funds Protection
Our clients’ assets are protected by the Investor Compensation Fund (ICF)*. It guarantees payment of compensation to the clients of an investment intermediary (CFD broker) in the cases where the intermediary is not able to pay its obligations to the client due to reasons directly linked to its financial situation
DeltaStock participates in the Fund and contributes regular cash premiums, which are used to pay out compensations to clients in the cases where:
- Bankruptcy proceedings have been instituted for the investment intermediary by a decision of the respective district court.
- The license or the authorisation for pursuing the business of the investment intermediary has been withdrawn by a decision of the Financial Supervision Commission.
The Fund will pay compensation to every client of the investment intermediary up to 90% of the amount of the receivable but not more than 20,000 EUR.
Compensation will be paid for the receivables that have arisen as a result of the inability of the investment intermediary to return the clients’ assets in compliance with the legal and contractual provisions. Clients’ assets means the cash, financial instruments and other assets, of an investment intermediary’s clients, which the investment intermediary holds, administers or manages on own account, in connection with the services provided, including interests, dividends and other such payments.
* The Investors Compensation Fund (ICF) was established in Bulgaria, pursuant to the Law on Public Offering of Securities and following the DIRECTIVE 97/9/EC of the European Parliament and of the Council of 3 March 1997 on investor-compensation schemes.