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Is Axitrader liable if CMG Au Axicorp goes bankrupt??

Kevin May 27, 2020 Broker: AXI 30
As stated on the CMG Au Axicorp website, in the event of bankruptcy, there will be client fund insurance up to a maximum of 1 million USD (specifically for clients with a balance of 20,000 and above). Will AxiTrader be responsible if CMG Au Axicorp goes bankrupt? Regarding the regulatory license, all of CMG Au Axicorp's operations are under the name of AxiTrader Limited.
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Axitrader Kelly January 6, 2021 Neutral
Hi Kevin, Thank you for posting the question about Axi. We would like to clarify that CMG clients are treated like Axi clients and follow the same client money insurance rules for SVG clients. If you want to know more about Axi's client money insurance for SVG clients, please access the following link.

Thank you!

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