For me security, if one of the major factors before...

S Shayne Beaudoin May 24 2022

For me security, if one of the major factors before I decide to open an account with a broker. Sometimes, I checked what kind of security measures they use to protect our data and accounts. Aside from that, I also need to know if they apply for a segregated account and where it's located? I had the opportunity of experiencing how unprofessional brokers without segregated accounts are.

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F FXOpen
Official Response
Jun 17 2022

Shayne Beaudoin: FXOpen INT is a trading name of FXOpen Markets Limited a company duly registered in Nevis under company No. C 42235. FXOpen INT is a member of The Financial Commission. FXOpen Markets Limited as per the legislation of the place of the company's registration is not obliged to provide its clients with segregated accounts and any respective insurance of clients' funds. However, FXOpen Markets Limited does hold all client's funds fully segregated from the proper company funds.

In case you are interested in the strictest protection of your funds and want to receive insurance benefits, you are welcome to open accounts in the FXOpen Ltd. or FXOpen AU Pty Ltd. Or in FXOpen EU (Europe, CySEC regulated). These companies have a legal obligation to hold clients' funds segregated and provide insurance in compliance with the local regulator's rules (FCA, CySEC, and ASIC respectively).

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