The money transferred to XGLOBAL Markets is deposited in segregated bank accounts under the name XGLOBAL Markets Client Funds. The said accounts are used only for deposits and withdrawals of clients. These funds cannot be used to pay back creditors of XGLOBAL Markets in the event of default of the company. This is in accordance with the MiFID (Markets in Financial Instruments Directive) regulations that apply to member states of the European Economic Zone. The main aim of the directive is to protect the clients’ interests.Also the MiFID regulations state that investment firms such as XGLOBAL Markets must become members of the Investor’s Compensation Fund, which ensures that the clients’ interests are protected in the case of company insolvency.
