SAFETY OF YOUR FUNDS
- Segregated client funds in accordance with regulations
- Protected by Gibraltar Investor Compensation Scheme
We understand that in the uncertain world of global finance the security of client funds is essential to our customers. Any funds you deposit with Intertrader, and all profits you make, are handled responsibly and securely.
Client money protection
As a customer of an authorised financial services company, you are given access to the Gibraltar Investor Compensation Scheme (GICS). In the very unlikely event that Intertrader becomes unable to meet its financial obligations you are entitled to make a claim from the GICS, which specifically covers retail customer deposits.
Intertrader is a trading name of Intertrader Limited which is authorised by the Gibraltar Financial Services Commission (GFSC) and subject to limited regulation by the Financial Conduct Authority. Details about the extent of our regulation by the Financial Conduct Authority are available from us on request. The GFSC is modelled on the FCA and maintains the same high regulatory standards, combined with the flexibility appropriate to a smaller jurisdiction.
The GFSC lays down strict rules on the handling of client money, so our retail clients can rest assured that their funds are fully segregated and ring-fenced. This means that not only funds deposited with us but total net available funds (including the value of open trades calculated on a mark-to-market basis) are held completely separate from our own.
Consequently, any money which we hold for our clients would not be used to satisfy the claims of any creditors should they arise. Even the bank cannot use the funds to offset against debt on any other bank account.
In greater detail
The 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. However, each individual client could claim up to €20,000 under the Gibraltar Investor Compensation Scheme.
In the very unlikely event that we were to go into liquidation and there was a deficiency in the client money bank accounts, individual accounts are covered by the GICS, again up to a €20,000 maximum per client.
We conduct daily financial reconciliations to ensure that we have adequate regulatory capital at all times. At the end of each trading day our segregated fund accounts are rebalanced to ensure that all clients’ available funds, as at midnight that day, are fully segregated.