FDI- Protecting Your First Deposit
First Deposit Insurance (FDI) is the online insurer that protects you against the loss of your first deposits placed with scheme members in the event that you making loss in your trades. “No premium or payment is required.” (FirstDepositInsurance.com)
First Deposit Insurance (FDI) is the online insurer that protects you against the loss of your first deposits placed with scheme members in the event that you making loss in your trades. “No premium or payment is required.” (FirstDepositInsurance.com)
The maximum limit of
coverage is USD 300 per depositor per scheme member.
Scope of Coverage
Types of depositors covered:
• Registered with scheme member via
www.firstdepositinsurance.com
• Depositor has not been a member with selected scheme
member before
• Depositor has made the Minimum Required Deposit
• Depositor has made the Minimum Required Turnover
• Depositor under applicable sign up and identity
verification procedure which required by scheme members
• Depositor is under the age of 18
• Deposits generated on stolen credit cards
• Unauthorized use of any third-party accounts
Calculation of Compensation
Amount insured under the FDI
Scheme:
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