DislikedHere is Sandyfx again, spreading false-hoods and pumping Dukascopy as always. There is NO INSURANCE on funds at Dukascopy. This what they even told me directly. This is very different from IB, which actually has SPIC and Loyd's London insurance, which together covers up to 1,000,000 USD in securities. This is more than you'll get in an American Bank. If you can prove so otherwise, then please, be my guest.
We like cold, hard facts here on FF not some random gossip used to pump a particular company.Ignored
Also, FDIC will protect up to $100k for each individual account. In other words, if you have ten bank accounts at ten different banks, then you've got a cumulative $1,000,000 in insurance all told (but only $100k for each one account, remember).
The Lloyd's insurance protection is there to supplement the SIPC insurance.
Never underestimate the powers of the Force.