Risk warning: Trading in CFDs and generally leveraged products can involve losses that exceed the initial investment
Here at ClubFX we understand that successful traders have to give their full attention to their trading rather than worrying about the safety of their funds. We have therefore taken additional measures to ensure adequate levels of safety for your funds.
As a retail client of ClubFX we want you to have our assurance that your funds are safe.
ClubFX has strict rules covering our conduct of business and financial adequacy.
There are the following considerations:
1. Segregation of client funds involves the firm placing Retail client funds in a client money account separate from the firm’s own money. In the event of default by the firm, segregated funds are
held for our clients and debts of the firm cannot be paid with those funds. Similarly, should the firm’s bank account become overdrawn, the bank cannot use client funds to reduce the overdraft.
2. Please note that for those classified as Professional clients, the above does not apply and they risk becoming an unsecured creditor of the firm. Note: segregation of client money from the firm’s money does not protect the client if the bank that holds the client money bank account goes into administration.
3. By the end of each business day we rebalance our segregated funds accounts to ensure that the liquidation value of each client’s account, by the close of business of that day, is fully segregated.