Segregated accounts are used to keep customers’ funds separate from the Company Funds. There are a few reasons for this, such as creating a clear separation between the two groups of money so neither is used for the wrong purpose, as well as in case anything happens to the firm, to make sure that the money can be easily identified as belonging to customers.
All HighFxMarkets’s clients will have segregated accounts, thus, their funds are secure and kept separate from our own.
At HighFxMarkets all funds are held specifically within the Barclays headquarters in the United Kingdom.
To keep the funds separate from each other, two accounts are held in Barclays bank - one of the most reputable banks in the world ranking as one of the top 5 banks in the EU. Barclays has over 325 years’ experience and operates in over 50 countries with 200 branches worldwide, generating a revenue of 25.45 billion and currently works with 48 million customers worldwide.
To provide our clients with the best service possible, HighFxMarkets only works with the best. We ensure protection at all times and we will never use clients’ funds in its operation or for any other investment.
The Investor Compensation Fund (CIF) was established under the Investment Firms (IF) Law 2002 as amended (hereinafter called “the Law”) and the Establishment and Operation of an Investor Compensation Fund for customers of CIFs Regulations of 2004 (hereinafter called “the Regulations”) which were issued under the Law.
ICF aims to secure any claims of covered clients against members of the ICF by paying these clients compensations if the company is unable to do so due to financial circumstances that are not likely to be improved in the near future.
ICF covers Retail Clients of CIFs. Professional Clients and Eligible Counterparties are excluded.
Covered Clients of an ICF’s member company can receive payable compensations regardless of the number of accounts held, currency and place of offering the investment service.
As a HighFxMarkets client and due to this policy, you can trade freely and be sure that all of your trades will be completed under the highest level of security, integrity and transparency.