Limitations Up Account Type And Equity
All client money is held in segregated client bank accounts
How Are My Funds Protected
Client money is held entirely separate from New Win Fx own money, ensuring that in the unlikely event of default by New Win Fx , client funds will be returned to the clients rather than being treated as a recoverable asset by general creditors of New Win Fx. The money is ‘ring-fenced’ in separate bank accounts which are held in trust with the clients as the beneficiaries, and is not held with New Win Fx own funds.
Are My Funds Held On A Segregated Basis?
When a client opens an account with New Win Fx , they will be categorized as either: a retail client, a professional client or an eligible counter party – and New Win Fx will inform them of this categorization. All client funds will be segregated in separate accounts with our bankers.
Segregated Funds
Client money is held entirely separate from New Win FX own money, ensuring that in the unlikely event of default by New Win FX, client funds will be returned to the clients rather than being treated as a recoverable asset by general creditors of New Win FX. The money is ‘ring-fenced’ in separate bank accounts which are held in trust with the clients as the beneficiaries, and is not held with New Win FX own funds.
What Happens
If New Win FX Goes Into Liquidation?
In the unlikely event New Win FX goes into liquidation, clients whose funds are held in segregated accounts will have their share of the segregated money pool returned, minus the administrators’ costs in handling and distributing these funds.