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HY Markets: Your Account Protection

forex account protection

By being regulated by the FCA, clients of HY Markets get the assurance that they are protected under a world-leading financial jurisdiction. The FCA 'Client Assets Rules' require Henyep Capital Markets (UK) Limited to segregate all money due to you on a daily basis and hold these funds in a separate account held at a bank approved by FCA.

They will hold these funds as trustee. As a result the approved bank or any other creditor of Henyep Capital Markets (UK) Limited will not be in a position to claim these funds in case of liquidation of Henyep Capital Markets (UK) Limited.

This also means that your funds and other assets will be segregated from Henyep Capital Markets (UK) Limited's own money and will not be available to us for use in the course of our business. The company may hold your money and the money of other clients in a pooled bank account. Hence in the event of a default by the bank causes any unreconciled shortfall in the money held in the pooled account, then you may share proportionately in that shortfall.

The company maintains operational and client bank accounts with reputable financial institutions. All funds, whether they are classified as company funds or client funds, are kept in the safest top-tier banks.

 

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