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Compensation Scheme

As a client of 32Red Spreadbet, you may benefit from the protection offered by the Financial Services Compensation Scheme ("FSCS"), in the event that 32Red Spreadbet become insolvent or cease trading.

The FSCS was created on 1 December 2001, when the Financial Services and Markets Act 2000 came into force, and acts as a 'safety net' for clients of authorised firms (i.e. FSA regulated financial services firms such as 32Red Spreadbet).

The FSCS is available when an authorised firm goes into default, and is unable or is likely to be unable to pay claims made against it by clients. The FSCS pays the first £30,000 of a valid claim in full and 90% of the next £20,000 - up to £48,000 for each client in total.

Using the scheme does not cost you anything, but to qualify for compensation you need to be eligible within the FSCS rules. Generally, the FSCS covers private individuals, as well as some small businesses.

Further information on the FSCS can be obtained from the FSCS website, www.fscs.org.uk or by calling the FSCS Helpline on +44 (0) 20 7892 7300.

You may inform the 32Red Spreadbet at any time that your personal details have changed or that you wish 32Red Spreadbet to delete personal information we hold about you by emailing us at compliance@cmcmarkets.co.uk. 32Red Spreadbet will change or delete your personal information in accordance with your instructions.

Risk Warning

Spread Betting, CFDs and Forex are leveraged products and carry a high degree of risk to your capital and it is possible to lose more than your initial investment. Only speculate with money you can afford to lose. These products may not be suitable for all investors, therefore ensure you fully understand the risks involved, and seek independent advice if necessary. Please remember CMC Markets UK Plc and CMC Spreadbet Plc provide an execution-only service. Our research and charting tools are indicative and provided for information purpose and must not be relied upon as investment advice.
Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.

32Red Spreadbet is a trading name of CMC Spreadbet Plc and CMC Markets UK Plc who are authorised and regulated by the Financial Services Authority 170627 and 173730. Spread betting services are provided by CMC Spreadbet Plc and CFD services are provided by CMC Markets UK Plc trading as 32Red Spreadbet, to whom you have been introduced by 32Red Plc. All dealing, administration and settlement in relation to these services is undertaken by CMC Spreadbet Plc and CMC Markets UK Plc. You and CMC Spreadbet Plc and CMC Markets UK Plc, not 32Red Plc, will be counterparties to each transaction.

Legal