Client SecurityWe take looking after your money seriously
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.
Whoever you trade with, you’ll want to be sure they’re looking after the money you deposit with them. At Spread Co we have rigorous systems in place to manage client funds securely and effectively.
Spread Co is regulated by the Financial Conduct Authority (FCA), the UK’s financial industry regulator.
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 if you have a complaint.
Segregated bank accounts
All client money is kept in a separate bank account, with Barclays Bank, from the company’s own funds. This is a requirement of the FCA’s client asset rules and ensures that client funds can only be used for the purpose they were originally intended for.
Spread Co only uses its own funds for hedging and does not pass segregated client money to hedging counterparties.
In the unlikely event that Spread Co becomes insolvent, any money held in the segregated account won’t be included in Spread Co’s assets and can’t be claimed by any other creditor. This means it can be easily returned to our clients.