DislikedI would say…look for regulations. I trade with acm and when I stared they were the only ones ISO 27001 and ISO 9001 certified. Now they have their banking licenseIgnored
Alpari UK offer 'segregated account'. so, it is safe or not safe to go with broker who offer 'segregated account'? or it's just a trick from broker company?
Good question. I thought I'd jump in here, as no one has replied to you so far.
We know that regulation is important for your peace of mind. That is why we’d like to take the time to explain how Financial Services Authority (FSA) regulations work and make sure you know the facts.
FSA regulation – understanding the facts
In order to be licensed and regulated by the FSA, we need to adhere to the regulator’s rules and obligations. The FSA performs frequent checks to ensure businesses are fully compliant.
Under FSA client money rules, Alpari UK is required to segregate all retail client funds from our own funds. This separation of accounts ensures that your money can never be used as a recoverable asset by Alpari UK's general creditors.
These funds are held in separate bank accounts. We take great care and diligence in their selection. Currently the client funds are held in Barclays, Bank of America Merrill Lynch and Royal Bank of Canada, three of the world's top-tier banks. In addition to these, company funds are also held in Morgan Stanley.
It’s also important to know that the FSA requires regulated businesses to maintain a minimum capital adequacy at all times to ensure businesses remain financially stable.
Your money is protected
In the unlikely event that Alpari UK is unable to meet its financial obligations, you can submit a claim to the Financial Services Compensation Scheme (FSCS). This scheme protects up to GBP50,000 per person.
The FSCS also protects the money in our segregated retail accounts. If a bank holding the funds you have deposited with Alpari UK goes into liquidation you will be able to claim up to GBP85,000 per person and per institution.
Eligibility depends on the status and the nature of your claim.
You can find out more from this booklet (PDF) or on the FSCS website.
Treating customers fairly
We put your interests at the centre of our business to ensure we comply with FSA Principle 6: “Pay due regard to the interest of its customers and treat them fairly.” Read more about how this principle is applied across all areas of our day-to-day business activities.
If you would like to discuss this or any other matter further, please feel free to contact our team on live-chat, via email or on +44 (0) 207 426 2900. We're here to help.
Alex
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Alexander Chadwick
Alpari (UK) Representative