Segregation of funds
Under FCA client money rules Alpari UK is obliged to segregate the money that our retail 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, that is 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 or client funds, are kept in top-tier banks in the UK. Alpari UK currently holds our clients’ funds in Barclays and Royal Bank of Canada. The company’s own funds are kept in company accounts with Barclays, Royal Bank of Canada, Morgan Stanley and Citi.