How to open trading account in uk
How do you know your money is safe if you open a trading account? What you need to do is make sure that the firm you open an account with is safe AND that the regulations governing the firm mean that your money is protected.
We have already how to open trading account in uk this work for you. We would not align ourselves with a company that didn't meet our stringent trader protection criteria. All of our brokers are safe because they "Segregate" their client funds from their own funds.
This is very important. It means if the firm gets into trouble your money is protected because it is treated as a separate asset by the company and the regulators. Whenever you open a trading account you should make sure that your funds will be segregated into what's called a "Segregated Account.
This means clients know with certainty that their money will not be used as collateral against positions taken by the firm. Segregated accounts also provide confidence that the amount of money deposited by an individual into a trading account, is accounted for and attributed to them and not someone else.
This is especially important if anything bad happens to the company you have a trading account with like bankruptcy. When you become an Institute trader you will be opening your account with one of our fully FSA registered brokers.
As your trading account is held how to open trading account in uk the United Kingdom and all of our brokers have a firm policy of segregation, your money will be placed in a Segregated Account and you're money will be protected by the FSA. This is important for the reasons outlined in this section. So if you intend to open a trading account anywhere, you should please check. If you don't get a straight answer, you should not open a trading account. If you hold an account through the Institute with one of our brokers, you will have your un-invested cash balances, including cash utilized as collateral for open margin trades, placed in a fully segregated trust account in accordance with the requirements of the FSA.
Also, brokerages do not have Bank status. At the Institute we have made sure that our traders are receiving the best protection they can possibly receive. We review this situation regularly and aim to protect our traders to the best of our ability at all times. CFDs are a leveraged product and can result in losses that exceed your initial deposit.
Trading CFDs may not be suitable for everyone, so please ensure that you fully understand the risks involved. Find how to open trading account in uk more Contact. Institute of Trading and Portfolio How to open trading account in uk.