Safety of Funds

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With investment, your capital is at risk.

At XGLOBAL Markets safeguarding of your funds is our top priority. The highest protection level is ensured through deposits in segregated accounts with top-tier German and other European Banks.

Is My Money Secure at XGLOBAL Markets?

Yes. XGLOBAL Markets would like to assure you that it maintains separate accounts in which your money is kept with reputable European Financial Institutions. These accounts are 100% liquid (current accounts) in order for funds held to be readily available on a same day value. Further, there is absolutely no familiarity bias involved in the choice of these financial institutions and such institutions are chosen exclusively on the basis of financial soundness while additional safety is ensured through diversification. Furthermore, XGLOBAL Markets has established an adequate organizational arrangement designed to minimize the risk of loss or diminution of client assets, or of rights in connection with those assets, as a result of misuse, poor administration or negligence.

Are My Funds Segregated from Funds Belonging to XGLOBAL Markets?

Of course. According to Directive DI144-2007-01 regarding authorization and operating conditions of Cypriot Investment Firms (CIFs), for the purposes of safeguarding clients’ rights in relation to funds belonging to them, CIFs are required to follow all necessary steps designed to ensure that client funds are deposited in an account or accounts identified separately from any accounts used to hold funds belonging to the Company. To this end, client funds deposited with XGLOBAL Markets are fully segregated from the Company’s funds and such funds cannot be used for any other purpose. Further, XGLOBAL Markets keeps such records and accounts as are necessary to enable it at any time and without delay to distinguish assets held for one client from assets held for any other client (and from its own assets) in accordance with the requirements of the aforementioned Directive.

Are You A Member of Any Investor Compensation Scheme?

Yes. As required by the Investment Firms Laws of 2002-2004 XGLOBAL Markets is a member of the Investor Compensation Fund, set up by the Central Bank of Cyprus and the Cyprus Securities and Exchange Commission for all clients of Cypriot Investment Firms. The purpose of the Investor Compensation Fund is to secure the claims of all covered clients, in this case retail clients, through the payment of compensation where the investment firm is unable to:

  1. Return client funds owed to them or funds which are held, directly or indirectly, in the context of providing investment services or
  2. To hand over to covered clients financial instruments which belong to them which the investment firm holds, manages or keeps on their account.

This ensures that retail clients of XGLOBAL Markets can claim compensation in the event that the Company is unable to fulfil its obligations. In effect, all covered clients are provided with a form of insurance for their funds in case of insolvency on the part of the Company. For more information you are encouraged to read the document titled Protection of Client Funds & Investor Compensation Fund.

Who Signs Your Annual Reports?

XGLOBAL Markets annual reports are signed by Deloitte Limited, the Cyprus member firm of the well-known Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee. Deloitte Cyprus is among Cyprus’ leading professional services firms, providing audit, tax, consulting and financial advisory services.

Who is Your Regulator?

XGLOBAL Markets is regulated and licensed by the Cyprus Securities and Exchange Commission (CySEC) with license number 171/12. CySEC is a European Competent Authority that regulates, supervises, and controls Cypriot Investment Firms. In addition to all applicable local laws, rules, and regulations the Commission enforces European Directives, such as MiFId, by issuing corresponding local directives and circulars. As a licensed Cypriot Investment Firm, XGLOBAL Markets follows strict rulings in order to comply with its requirements in relation to the safety of client funds.

Discretionary investment management