Company Information

Get to know ROADCOVER SA

Established in 2004, RoadCover SA provides a specialized support service for individuals involved in road accidents within South Africa. The company is not a direct insurance provider but an authorized Financial Services Provider (FSP 45012) that manages the entire claim process with the government's Road Accident Fund (RAF) on behalf of its members. Their mission is to handle the complex administrative and legal procedures, ensuring members receive 100% of their rightful compensation from the RAF without any deductions for legal or administrative fees, in exchange for a monthly membership fee.

Industry

Financial InsurancePRIMARY
Financial Other Service

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ROADCOVER SA

South Africa

Founded in

2000 (26 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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(180 reviews)

Cyprus

2017

(9 years)

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Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.