Disliked{quote} Up to 90% with a limit of 20k euros - very similar to 50k sterling ? I know which one I would prefer. Anyway I'm wont post here again just wish you had posted the real facts up front. I been in this industry 20 years and knew these answers but some of the new guys didn't. Good weekend all.Ignored
While it is true that the FCA does have a higher limit on the amount they will reimburse to a client in cases where a firm goes bankrupt than the MFSA. The MFSA has done a lot to protect clients in insolvency cases. The segregation of client and corporate funds has been mandatory with the MFSA since the beginning.
Another thing to consider is that the average retail investor does not routinely maintain balances in their account higher than the limits offered by the MFSA. The Malta Investor Compensation Scheme state that verified claims must be paid out within 3 months. (http://www.ccmalta.com/publications/...r_compensation) In comparison, the UK Financial Services Compensation Scheme could take twice as long, up to 6 months from the later date of the FSCS declaring a company in default or receiving a correct verified claim. (http://www.fscs.org.uk/your-claim/ho...-will-it-take/)