Safety of Funds
The Financial Conduct Authority (FCA) mandates firms to conduct their business under strict regulations. ATC BROKERS LTD
is obligated to segregate the money that retail clients deposit in order to prevent the use of client funds by the firm for its own account. ATC ensures that additional measures are taken to guarantee clients money is held in a separate account away from any accounts belonging to the firm. In the unlikely event of a default, the segregation of clients funds will return the money to the clients rather than be treated as a recoverable asset by general creditors of ATC.
About the Financial Services Compensation Scheme (FSCS)
The FSCS is United Kingdom’s statutory fund of last resort for customers of financial services firms. The FSCS may be able to pay compensation to consumers and protects up to £75,000 per person per firm. The FSCS is an independent body, set up under the Financial Services and Markets Act 2000 (FSMA).
Eligibility depends on the status and the nature of the claim. The FCA informs the FSCS which types of claim qualifies for compensation and limit how much compensation they are allowed to pay.
For additional information please visit the FSCS website