How does Segregated Account work in forex?
"Segregated Account" refers to keeping customer funds apart from company funds. Forex Company protects client funds by opening a segregated account that is based on these principles: A segregated trading account allows all forex companies to save 70% on their total deposit. He can then transact with his entire deposit if the safe margin is adequate.
Example: A customer would like to open a segregated bank account with any forex company that has 150,000 in funds. After opening the account, the customer must apply for the Segregated Accounts Service and provide all required documents. To receive 150,000 in your account, you must comply with two conditions.
30% of the amount must be paid to the account. You must pay $ 45,000 He must send a bank statement to confirm that $ 105,000 has been deposited into his account. The customer is entitled to $ 150,000 in his trading accounts after he has met all conditions. 70% of this amount is deposited into the customer's personal account. This protects him from unavoidable events that may arise from the activities of the company.
Forex Company's segregated client account system offers customers complete security. Its fund protection system is just as secure as your bank accounts.
For a segregated account, you must deposit $ 50,000.00 minimum.