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Salaam and Hi
IC brokers have now started providing Islamic accounts to all the Muslim clients, I am too using swap-free account and saving lots of money in swap, If you are Muslim and want to open Islamic account you can open here
https://www.icmarkets.com/?camp=3387
Contact me for any help you need. I am IB with them and have few clients with serious trading goals.
EMAIL :: ([email protected])
Your fund is protected with IC
Thank you here is more detailed reply to your good question.
Under current ASIC regulations there is no investor compensation fund in case of company insolvency. Please note however that all client funds are held in segregated trust accounts with tier one Australian banks, away from the company’s own funds.
Clients with a net credit balance at the time of insolvency can be paid both from funds that are held in the segregated trust accounts and also from the company’s other available funds. Fortunately IC Market's corporate account balance is substantial and in the very unlikely event of insolvency those funds would cover clients, we well exceed the capital requirements set by our regulators. You can also refer to section 4.20 of our Product Disclosure Statement ‘Payments to you in ic Insolvency’ for more information. #Protection funds
If you require any further assistance, please do not hesitate to contact us again.
Allergic to bullshitters, never argue with fools