Guide
A compensation scheme is the fund that pays you when the firm itself fails with client money missing. It is the single biggest factual difference between entities — and the one no advertisement quantifies.
Facts checked on October 22, 2026
Three numbers cover most of the protected world: €20,000 under EU schemes (Cyprus's ICF and its siblings), £85,000 under the UK's FSCS, and — for most offshore entities and for Australian CFD accounts — no scheme at all. Here is what those numbers do and do not do.
Schemes cover firm failure: the company collapses or client money is missing. They never cover trading losses — a position that went against you is yours at every entity on earth. They also have process: claims open after the regulator declares the firm in default, and payment takes months. 'Protected' means a floor under fraud and failure, not a promise about outcomes.
ASIC and FSCA entities give you a real regulator, conduct rules and a dispute body (AFCA; the FAIS Ombud) that can order the firm to put things right while it operates. Neither country runs a compensation fund for trading accounts. Our verdict counts these as real protection — the dispute route is genuine — and prints the distinction in the protection field rather than hiding it.
Seychelles, Belize, Mauritius, Vanuatu, SVG, Bahamas and Bermuda entities in our dataset carry no compensation scheme for retail clients. If the entity fails, you are an unsecured creditor in that jurisdiction. That is the entire content of the word 'none' in our checker — and it is why the entity question outranks spreads, bonuses and app ratings combined.
Segregation ('client money kept separate') is not compensation. Segregation helps if the firm is honest and solvent-administered; a compensation scheme is what exists for when it is not.
The free check gives you the verdict for one country and one broker. The Deposit Safety Kit gives you the complete walkthroughs: how to verify the entity in the broker's own legal footer, where on your regulator's site the register and the warning lists live, how to read a compensation scheme, and the first-withdrawal test protocol — deposit small, withdraw first, then decide.
Included in the $39 Deposit Safety Kit
Sources: the brokers' own legal and entity pages as published on the check date; the Reserve Bank of India Alert List; the UK Financial Conduct Authority Register and Warning List; the Australian Securities and Investments Commission registers; Bappebti (Indonesia) licensed and blocked lists; CVM (Brazil) declaratory acts; the FSCA (South Africa) FSP register; the Capital Markets Authority (Kenya) licensee list; the Securities and Exchange Commission (Philippines) advisory list; SECP/PMEX (Pakistan) membership; SEC Nigeria and Central Bank of Nigeria publications. Affiliate bounty figures from the programs' own published terms (Exness, XM, Plus500, eToro affiliate pages). If a fact has moved since our check date, the regulator's or broker's own publication wins — and write to help@doogex.com so we can correct ours.