Safety of Client Funds
Financial guarantees against technical faults
It is not a secret that Forex brokers often encounter technical faults, which have been caused by many
factors. Considering that Forex itself is quite a complex market to get a stable income, the possibility of losses
associated with technical risks is unacceptable to the trader.
ForexChief is one of few companies that gives their clients guarantees regarding the safety of funds in case of technical faults with trading servers. In this regard, it does not matter whether that is a failure in the communication channels of the data center where the trading server is located or technical problems on the counterparty's side, or any other problems. Each case is considered individually, however, the company, acting in accordance with the general rule, does not shift responsibility to its technological providers or liquidity providers, and acts as the entity solely liable to the client.
Ultimately, ForexChief tends to defend the trader from all negative factors that can affect his/her trade. However, despite exceptional attention given to the software and technical equipment, the Company can't guarantee the absence of technical failures with its trading servers or on the counterparty's side due to the very nature of informational technologies, but it can guarantee each client who suffers losses because of such failures, a compensation adequate to his/her losses.
Segregation of client's funds
ForexChief uses the generally accepted mechanism of dividing a client's and its own funds on bank accounts. The
use of this model is not only the obligatory requirement set by financial regulators but is also an integral
instrument for protection of investors from broker's insolvency.
Under no circumstances can the Company use clients' funds kept at special bank accounts for its operating activities. Moreover, in order to support unconditional solvency, ForexChief does not transfer clients' funds to liquidity providers' accounts, and uses its own funds to carry out counterparties' margin requirements, when placing clients' orders to the market.
Besides that, the Company does not keep clients' funds deposited by means of digital currencies in the wallets of payment systems. In order to ensure safety, funds deposited in such a way are transferred to segregated bank accounts, which so in case of electronic payment system bankruptcy, their loss can be avoided.
You can't afford to lose. Before you begin carrying out trading transactions, make sure that you fully realize the risks associated with this type of activity.