Every trader knows that trading financial markets can be risky. Indeed, you do have all chances to succeed in trading Forex and other financial markers, thereby earning a reasonable living, as long as you have decent knowledge and skills, a solid trading system and sound money management.
Most traders eventually face major problems because they underestimate risks. Alexander Elder, a trading guru, likes to say that trading financial markets is like bungee jumping: if the rope is longer than needed, the results may be deadly for the jumper. However, most traders strive to elongate the rope by running more risks than the can handle. They want to win big but eventually lose big becase they cannot manage their risks.
That is why wise risk management is a cornerstone of successful trading. Usually, broking companies do nothing to help their clients manage their risks wisely. However, there are companies that do care.
FBS is one of such broking companies. Not so long ago, FBS offered an unprecedented deposit insurance program! FBS is a major international broking company, which is authorized and regulated by the Belize International Financial Services Commission (IFSC), license number IFSC/60/230/TS/12.
Last year, FBS won the “Best Forex Broker Asia” at the World Finance Foreign Exchange Awards 2012.
Ok, let’s go back to the company’s deposit insurance program. Let’s have a closer look at the new promo.
FBS: Deposit Insurance – Forget About Losses!
There is a separate webpage dedicated to this promo: http://www.fbs.com/insurance
It reads the following:
We are glad to offer you a unique deposit insurance program!
Trading without losses has become real now with FBS!
Obtain Deposit Insurance for FREE!
Right now you can insure from 10% to 100% of your deposit. In case you lose it, FBS will pay you back.
Insure now and do not lose a cent more!
Example:
Your deposit is 1000 USD.
You insure 70% of your deposit (700 USD)
FBS pays you back your insured 700 USD when an insured event occurs and you’ve been traded 87 lots
Check FBS Deposit Insurance Terms & Conditions here
So, as you can see, there is a handy calculator, which allows you to calculate your own Deposit Insurance. However, prior to making your decision you should read the following promotion rules:
1. The minimum insurance amount: $100
2. The maximum insurance amount: unlimited
3. 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
4. An insured event occurs when a trader’s account balance is 10% or less of insured amount.
5. Spread is 1 pip wider for all tools on insured account
6. There are no time restrictions for a client to trade the required amount of lots
7. 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
8. 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
9. If a client credits his/her trading account after insuring, there is always an opportunity to increase the insured amount
10. It is not allowed to lower the insured amount
11. It is allowed to withdraw from an insured trading account; the balance shouldn’t be less than an insured amount after withdrawal
12. In order to cancel 1 pip spread widening, as soon as required volume is traded, a client needs to contact FBS Customer Care
13. After insured event occurred a client has to contact FBS Customer Care
14. 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
15. 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).
