FX Institution deposit insurance covers all deposit accounts at insured banks up to the insurance limit, currently $250,000 per depositor, per bank, per ownership category, including principal and any accrued interest through the date of an insured bank's closing. Deposit accounts include: Checking accounts.
Having FX Institution insurance means that your money, up to a certain amount, is safe if your bank or forex company fails.
The FX Institution provides deposit insurance to protect your money in the event of a bank or fx failure. Your deposits are automatically insured to at least $250,000.
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