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Forex Segregated Account

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Forex Segregated Account

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  1. Forex Segregated Account • The basic function of a Forex Segregated Account is to collect funds from all clients and keep them separate from the forex broker's operational funds. The monies in a Segregated Account will be utilized by the broker only to execute individual customer transactions and will not be used in the company’s best interests. One reason for this separation is that the Segregated Account can safeguard the security of the client's funds. This means that when the brokerage firm loses control, management, or transfer of its assets due to bankruptcy, the client's funds are easier to identify. • Advantages of Forex Segregated Account • A Segregated Account's primary duty is to collect funds from all clients and keep them separate from the forex broker's operational funds. The funds in a Segregated Account will only be used by the broker to complete individual customer transactions and will not be used in the best interests of the company. • One rationale for this division is that the Forex Segregated Account can protect the client's cash. This means that if the brokerage business loses control, management, or transfer of its assets as a result of bankruptcy, the client's funds are more easily identified. • Aside from that, forex firms can use the Segregated Account to better manage their archives. In other words, the role of a Segregated Account is very important in the development of forex trading since it provides a guarantee, protection, and legal certainty in forex trading, which can boost the trader's confidence in trading. • Common Misconceptions of forex segregated Account • It is a good idea that customer money is kept separate from the broker's operating funds accounts. Previously, some brokers would deposit their clients' funds into the company's operating accounts, rendering them vulnerable to the company's exploitation for its gain. • To know more about Forex Segregated accounts and how to create forex segregate account • Mail: info@fidomarkets.com or call: + 44 -743283622858 • Visit us at: https://fidomarkets.com

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