Under FSA client money rules Alpari (UK) is obliged to segregate the money that our clients deposit with us. This means that we must take steps to ensure that our clients’ money is held in a separate account away from any accounts used to hold money belonging to the firm. The purpose of this separation is to prevent the use of client money by the firm for its own account at all times.
In terms of where the client funds should be held, ie with which institution, we are obliged to exercise all due skill, care and diligence in our selection, taking into account the expertise and market reputation of the institution.
Funds, whether they are classified as company funds of client funds, are kept in Barclays, HSBC and Royal Bank of Canada, three of the safest top-tier banks. Company funds are also held with both Morgan Stanley and Citi, the company’s prime brokers.
Your funds will be segregated if you are a retail client, please refer to the client classification section for further details.
