What you need to know
Your money is held in a segregated bank account, at a regulated institution, and we do not use any client funds for its business activities.
We are authorised and regulated by the Financial Conduct Authority (FCA).
Your money and assets are ring fenced from creditors in the unlikely event that we go into liquidation
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What do we do with your money?We hold your funds in segregated accounts ‘off the bank’s balance sheet’. What this means is that we can’t use your funds for our own purpose, or mix them up with our own. Not only that but the bank can’t use these funds to pay creditors in the unlikely event that Flipforex became insolvent. Being a regulated company means we’re obligated to keep your funds seperate to our own, and unlike many of our competitors, even if we classify you as a professional client we still segregate your funds, giving you additional protection and peace of mind.
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What happens to the money I deposit with Flipforex?Flipforex hold your money in high credit worthy institutions such as Barclays, NatWest and BMO Harris Bank. These funds are held in accounts which are easy identifiable as client accounts, so they cannot be used for any other purpose other than holding client funds. We also ensure client funds are not held in a single institution to reduce risk in the portfolio.
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What happens to my money if Flipforex goes into liquidation?In the unlikely event that Flipforex went into liquidation, you as a client would have your share of the segregated monies returned, less any fees applied by the administrator. As Flipforex is an FCA regulated company, your funds are also protected by the Financial Services Compensation Scheme (FSCS) up to £85000.