Safety of Funds
When you open an account with FXCM through Traderslounge, you
have a security for your money. FSA the authority that monitors the
forex and futures brokers in UK must ensure that companies comply
with the law, in relation to several things.
The law prescribes that the broker must place client funds on
segregated accounts.
A segregated account is an individual account established on behalf
of the customer in a bank. FXCM uses HSBC, one of Europe's biggest
bank. Accounts with FXCM LTD are segregated in accordance with
Financial Services Authority (FSA) client money rules. FSA, one of
the world's most respected financial regulatory bodies, regulates
FXCM LTD. Accordingly, in the unlikely event of default, client
funds held in segregated accounts are protected, and cannot be used
to benefit other creditors.
It is of course possible to obtain a receipt from HSBC that your
money is placed with them.
At Traderslounge we believe that you must have 100 % transparency,
and always know how your money is invested. Therefore, we give you
a unique access to review all trades that are taken on your
account, in real time.
You can access your personal account 24 hours a day and follow
your investment real time. This also gives you the safety of being
able to withdraw your funds whenever you like, and that is without
any notice or any questions.
People who have read this, has also read the
following:
- Statement from
FXCM
- Fee schedule
- Trackrecord