Benefits of the Insurance Program:
1.
In the event of a deposit loss, an Insurance Coverage equal to 30% of the deposit will be credited to your account.
2.
The Insurance Coverage can be withdrawn after completing the required turnover.
3.
The Insurance Coverage funds can be used for trading and during a drawdown.
4.
The insurance program has no time limit, allowing you to receive the Insurance Coverage at any point in the future when the insured event occurs.
5.
The maximum Insurance Coverage amount is $10,000.
How to Get Insurance?
Open a DirectFX or xPRIME account.
Complete the verification process.
Deposit at least $2,000 into your account.
Submit a request to activate the Insurance Program through a Ticket and inform your Personal Manager.
Terms and Conditions
- The insurance program applies to the following account types: DirectFX or xPRIME.
- To activate the program, you must successfully complete KYC procedure and deposit a minimum of $2,000.
- There must be no active bonuses and/or trading credits on the account.
- In case of partial or complete loss of the deposit, an insurance payout equal to 30% of the incurred loss, up to a maximum of $10,000, will be credited to the account.
- The insurance payout can only be withdrawn after meeting the required trading turnover, calculated using the formula:
Required Turnover (in Lots) = The Insurance payout (30% of the Initial Deposit Amount) ÷ 10Example:
A trader deposits $2,000, which is subsequently lost due to unsuccessful trades. In this case, an insurance payout of $600 will be credited to the account. The payout can be withdrawn after achieving the required trading turnover, calculated as follows: Required Turnover = 600 ÷ 10 = 60 Lots
- Until the required trading turnover is met, no funds can be withdrawn from the account, except for the client’s own deposits.
- Clients may opt out of the program at any time; however, in this case, the insurance payout and any profits generated from it will be deducted from the account.
- After meeting the required trading turnover, only the insurance payout amount can be withdrawn. All other funds, except for the client’s own deposits, will be irrevocably deducted from the account.
- The trading turnover includes trades on Forex and Metals instruments only if they last at least 180 seconds and comply with the MTP conditions specified in the Contract Specifications.
