Your money is held in client segregated accounts and is protected up to £500,000.
Funds in a segregated account are not mixed with company funds, which insures you in the hypothetical event of Tradeslide Trading Tech´s insolvency. Client monies are monitored per the FCA´s CASS regime, which requires us to reconcile outstanding balances daily and report any discrepancy.
Note that "segregated account" does not mean that you'll be the account holder of a Sabadell, Natwest and Santander (UK) account. It means that client monies are segregated from company monies.
Compensation in case of insolvency
Your investment with Darwinex qualifies under the Financial Services Compensation Scheme, which currently protects you from insolvency of the broker with a compensation of up to £85,000 per person and broker and from insolvency of the bank with a compensation of up to £85,000 per person and bank.
Additional deposit insurance protection
Related videos and podcasts
- On where exactly your money goes when you send it to a regulated broker like Darwinex.
- On the bank accounts on which the money is received, the guarantees provided to traders and investors, how prime brokers extend credit (leverage) to us -and who they currently are-, and how their financial strength matters.