Investor Compensation Scheme - Forex Glossary | ForexCracked
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Regulation & Safety Intermediate

Investor Compensation Scheme

Also called: ICS, FSCS, ICF

A government-mandated fund that reimburses clients of failed financial firms up to a fixed cap.

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Definition

Major schemes: FSCS (UK, £85k), ICF (Cyprus, €20k), Investor Protection Levy (Germany, €20k). US has no direct equivalent for retail FX (the NFA does not run a compensation scheme).