support@eueaa.euSend a messageEuropean Asset Authority was founded as an independent third-party team of consultants dedicated to resolving complaints fairly and efficiently. Its goal is to provide a quicker and more accessible alternative to industry regulators and the formal legal system. Additionally, European Union Asset Control ensures trader protection through its specialized Commission.
The European Asset Authority Compensation Fund serves as a form of insurance for clients of registered brokers. It is utilized only in cases where a broker refuses to comply with a Commission ruling or is removed from the Commission without settling an awarded decision.
The fund is financed by allocating 10% of the monthly membership fees, which are securely held in a dedicated bank account. These funds are strictly reserved for compensation purposes and cannot be used for any other organizational activities.
The Compensation Fund is specifically designed for cases where the Commission has issued a formal decision. It does not serve as a safeguard against trading losses resulting from independent investment choices. Additionally, the fund does not provide coverage to all clients in cases where a broker faces financial difficulties or insolvency. Its purpose is solely to ensure compliance with Commission rulings and protect traders in situations where a broker fails to fulfill its obligations.
The fund is structured to cover Commission-approved compensation claims, with a maximum payout limit of €200,000 per client associated with a listed broker. This financial safeguard ensures that traders receive the compensation awarded to them in cases where a broker does not comply with the decision. However, it is important to note that the fund is not unlimited and operates within predefined financial constraints to maintain sustainability and effectiveness.
one person.
Send an InquiryThe Commission commits to processing and issuing compensation payments within 90 days following the decision to alter the status of the broker involved.
Every possible measure will be taken to facilitate direct payment from the broker to the claimant while ensuring thorough verification of the claimant’s personal details.
If the available funds are insufficient due to multiple unresolved cases involving the same broker, the existing amount will be fairly divided among all eligible claimants.
The Compensation Fund cannot be accessed in specific cases outlined in Chapter 10 of the Rules and Guidelines, ensuring compliance with established policies.