Client Security
Trade confidently with Spread Co!
When you deal with any financial institution, you’ll want to know that your money is being looked after. At Spread Co we take looking after our clients’ money seriously. We have systems in place to ensure we comply with all the rules and regulations about our dealings with clients, and the safeguarding of all monies clients deposit with us.
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Client money procedure |
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Spread Co is regulated by the FCA |
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Client money is held in segregated client bank account, in accordance with FCA client money rules |
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Spread Co only uses its own funds for hedging |
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Spread Co does not pass segregated client money to hedging counterparties |
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Our Regulator
Spread Co is regulated by the Financial Conduct Authority (FCA), the UK’s financial industry regulator. They make sure that the all regulated firms act with integrity and with the interest of consumers at heart. We comply fully with all FCA rules, and ensure that our customers are afforded protection through FCA initiatives such as ‘Treating Customers Fairly’ and ‘client money rules.’
When you deal with an FCA regulated firm you can also use the services of the Financial Services Compensation Scheme and the Financial Ombudsman Service.
Financial Service Compensation Scheme
The Financial Services Compensation Scheme (FSCS) is the UK’s compensation scheme for clients when firms go into liquidation. It’s designed to help customers of regulated financial services firms authorised by the FCA and/or the PRA (Prudential Regulation Authority). If a regulated firm is unable to meet its financial obligations to its customers, the FSCS may compensate them. The scheme covers:
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Deposits
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Investments
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Life and general insurance policies
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Investment business
Financial Ombudsman Service
If you’re a client of a regulated firm, you can use the services of the Financial Ombudsman Service (FOS). The FOS can help you with a complaint about a financial services firm, if you’re not able to resolve the issue with the company yourself. This service is free to consumers.
Segregating Client Money
Spread Co segregates its clients’ money. This means that we don’t keep the company’s own funds and our clients’ money in the same bank account. We comply fully with the FCA’s Client Asset rules and hold client funds in a segregated trust account at Barclays Bank Plc. Segregating client funds takes place every day to minimise the risk of client funds being held in our own accounts at any time.
In the unlikely event that Spread Co becomes insolvent; funds held in the segregated account won’t be included in Spread Co’s assets and can’t be claimed by any of our other creditors. This means it can be easily returned to our clients.