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Discuss IVBrokers.com

General discussions of a financial company
I started trading with IV Brokers on the Day trader account and see that they have a trader insurance where you can protect your account against losses up to 10%. The insurance coverage is based on your deposits for the month.

I didn't claim yet any insurance but think this is a very interesting idea that can give traders some money back if they lose.

Did anyone else claim this yet? Do you think its a valuable?
 
Read the terms closely. At least some brokers widen the spread to pay for the insurance. I saw one case where $100 of insurance would add well over $100 in spread costs.
 
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