Doo Prime Comprehensively Insures Our Clients With The Renewal of Professional Indemnity Insurance
As a global pre-eminent broker, Doo Prime’s renewal of the Professional Indemnity Insurance (PII) of entities under the brand has demonstrated our dedication in complying with the higher standards of practice in the industry, all the while adhering to strict regulatory requirements. These are done in order to provide traders and professional clients with the best trading environment.
Some of the most recent renewals are with APA Insurance Ltd. and The Mauritius Union Assurance (MUA). In essence, Doo Prime strives to keep our insurance policies and observance of relevant regulations up to date, anywhere and anytime.
> What Exactly Is The Professional Indemnity Insurance?
Doo Prime’s renewal of the Professional Indemnity Insurance essentially helps provide clients with a secure and stable trading environment, entrusted broker services, along with secure and reliable financial security.
The Professional Indemnity Insurance (PII) protects Doo Prime’s capital security in the event of any claim(s) were made against Doo Prime for breach of professional duty.
> The Importance Of The PII
The PII is based on internationally applicable standards of practice, knowledge, and ethical practices. It is designed to distinguish licensed professionals from other unregulated entities – a reflection of the stability, reliability, and trustworthiness of the company’s brand.
Using Doo Prime Vanuatu Limited as a case study, the PII renewal continues to protect the rights and interests of Doo Prime Vanuatu Limited’s clients. Doo Prime stands out from other competitors by offering insurance protection of funds that individually covers up to USD500,000 as standard. Both retail and professional clients may benefit from this execution worldwide, except USA, at no additional cost.
It would also cover any loss or damage caused by the entity to clients, and protect client assets from misappropriation as well as theft.
In addition to that, the PII covers Doo Prime against claims of professional negligence, breach of confidentiality and other errors. To further explain this, the PII issued by the respective insurance agency will cover the costs associated with legal fees and any compensation due if liability is proven.
That said, Doo Prime clients can trade and enjoy our services with a piece of mind as we are protected against allegations in relation to breach of professional duty, whether we are proven to be liable or not.
> How Does The PII Give Traders A Peace Of Mind
As a reputable broker, Doo Prime obliged to the compulsory condition required by the industry’s regulatory bodies by placing the PII in place in order to conduct our brokerage services.
Although Doo Prime stands as a virtuous broker, allegations of negligence, or any legal action taken against us, could affect our business.
For example, in the highly unlikely event of our business being declared insolvent, and there being a shortfall in segregated clients’ assets, the insurance policy will cover an aggregate limit of liability up to USD500,000.
Through and through, the PII provides financial support and professional reputation to Doo Prime. At the same time, the protection is also extended to Doo Prime’s clients as capital security is covered, just as the traders’ reassurance.
> Trade With Confidence
As mentioned, our PII policy automatically covers all Doo Prime clients. Plus, it does not cost our clients any direct fees or charges to get involved in the fund protection policy.
Our policy is underwritten by world’s leading insurance specialist, so our company and clients are being backed by a reputable provider.
Through this, Doo Prime is able to boost our existing and potential clients’ confidence in trading with us, as traders know that they are covered.
As an internationally renowned online broker, Doo Prime is committed to creating a reliable and safe online trading environment to protect the safety of our clients’ funds.
Moving forward, Doo Prime will continue to develop the international market with our principle of ‘Clients Come First.’ We strive to seek breakthroughs in technology and innovation to achieve an efficient and excellent trading experience for our clients.
| About Doo Prime
Doo Prime is an international pre-eminent online broker under Doo Group, which strives to provide professional investors with global CFD trading products in Securities, Futures, Forex, Commodities, Stock Indices, and Funds. At present, Doo Prime is delivering the finest trading experience to more than 35,000 professional clients, with over 1 million trade orders fulfilled each month.
Doo Prime entities respectively holds the relevant financial regulatory licenses in Seychelles, Mauritius, and Vanuatu with operation centers in Dallas, Sydney, Singapore, Hong Kong, Dubai, Kuala Lumpur, and other regions.
With robust financial technology infrastructure, well-established partnerships, and an experienced technical team, Doo Prime boasts a safe and secure trading environment, competitive trading costs, as well as deposit and withdrawal methods that support 10 different currencies. Doo Prime also incorporates 24/7 multilingual customer service and extremely fast trade execution via multiple industry-leading trading terminals such as MT4, MT5, TradingView, and InTrade, covering over 10,000 trading products.
Doo Prime’s vision and mission are to become a financial technology-focused broker, streamlining international global financial products investment.
For more information about Doo Prime, please contact us at:
Phone:
Europe : +44 11 3733 5199
Asia : +852 3704 4241
Asia – Singapore: +65 6011 1415
Asia – China : +86 400 8427 539
E-mail:
Technical Support: en.support@dooprime.com
Sales Representative: en.sales@dooprime.com
[Disclaimer]
This information is addressed to the general public solely for information purposes and should not be taken as an investment advice, recommendation, offer, or solicitation to buy or sell any financial instrument. The information displayed herein has been prepared without any reference or consideration to any particular recipient’s investment objectives or financial situation. Any references to past performance of a financial instrument, index, or a packaged investment product shall not be taken as a reliable indicator of its future results. Doo Prime makes no representation and warranties to the information displayed and shall not be liable for any direct or indirect loss or damages as a result of any inaccuracies and incompleteness of the information provided. Doo Prime shall not be liable for any loss or damages as a result of any direct or indirect trading risks, profit, or loss associated with any individual’s investment.
