Benefits of having an FCA regulated Brokers account
what the Benefits of having an FCA regulated Brokers account
We all want to put our money in the safe side, how we are knows our brokers, how to choose them what to look for …..every trader looking for the best trading conditions – many brokers offer low spread large bonus fast execution and more but wait A minute did you know the brokers you chose.... are you trust him....Do you know the rules the regulations the insurance, I'm pretty sure that not all of you aware for those things.
When we open an account it's not enough only to look the big bonus or the tight spread: some broker's offers Mountains and hills….. But are you know where you put your money?
When we open an account it's not enough only to look the big bonus or the tight spread: some broker's offers Mountains and hills….. But are you know where you put your money?
For those who remember the case with the Swiss IN 15.1.2015: the Swiss National Bank (SNB) decided to abandon the minimum rate of 1.20 Swiss francs against the euro that it had been defending for more than three years. The franc immediately strengthened by 30 percent against the euro. The crisis also wiped out a lot of international foreign exchange brokers — one of them was London-based Alpari UK this broker was regulated by the FCA ,clients got their money back " FSCS Compensation The Joint Special Administrators (“JSAs”) are pleased to announce that FSCS will begin to make compensation payments from 14 May 2015. Compensation payments will only be made to eligible clients of the Company who have both agreed their claims in the Claims Portal and chosen to assign to FSCS. The payment of compensation follows extensive discussions between the JSAs and FSCS to simplify the process for claiming and being paid compensation after which the JSAs developed additional functionality in the Claims Portal to allow eligible clients to assign their claim to FSCS and provide payment instructions.
First you must choose the safe place for your money, cause all the rest will not help if the brokers will do manipulation or some other illegals stuff
I work with FCA regulated brokers and you know why you should also pay attention to the regulation stuff – only because this is your money!!!
FCA regulated firms, regulated brokers obligated to meet the stringent standards set by the FCA, submit financials reports on a regular basis and undertake detailed annual audits. This includes ensuring that client funds are held in quality Tier 1 banks approved by the FCA. All money received from clients are treated as "Client Money" under FCA client money rules. Under these rules all client money must be kept separate from company funds, in a segregated account and at no point can client money be treated as company assets. The Company cannot use client money to cover its own needs, expenses, and risks or utilize those funds in case of insolvency. This means higher protection of investments for all clients. Client money rules form one of the most important parts of the UK financial regulatory system related to consumers.
About FCA: FCA is an independent body that regulates the financial services industry in the United Kingdom. The FCA has the organization which replaced the Financial Services Authority (FSA) as the regulatory body which oversees and regulates been the single regulator for financial services in the UK since December 2001 , supervises and regulates the conduct of over 50,000 firms not covered by the Prudential Regulation Authority, including forex brokerages for more detail's you can check http://www.fca.org.uk/
FCA Regulation broker give you the max protection for you money investment:
*Account segregation, which mandates that brokers must place funds belonging to clients in an account which is totally separate from the company’s accounts which house operational funds
*FCA has what it calls the “best execution” policy, where the broker is expected to shop for the best possible deal as the counterparty on behalf of its clients.
*FCA regulated brokers are required to submit periodic reports to the FCA with certain data such as their capitalization, value of segregated clients’ funds, etc. Lack of transparency or withholding of information from the FCA is usually penalized heavily.
*FCA is a scheme to provide a full refund of trading capital up to 50,000 pounds, in the case of broker bankruptcy. " http://www.fca.org.uk/consumers/complaints-and-compensation/how-to-claim-compensation"
Product Compensation limit
Investments £50,000
No comments:
Post a Comment