Safety of funds
EF Worldwide Ltd has the obligation under international Investment law to protect client interests. As a result, the Company has taken all necessary measures to protect client funds:
Segregation of funds
Client funds are received in the company’s fiduciary segregated client bank accounts. These funds are off balance sheet and cannot be used to pay back creditors in the unlikely event of default of the Company.
The Company maintains operational and client bank accounts with reputable international banking institutions.
Investment firms are obliged to meet strict financial standards, including capital adequacy requirements. Easy Forex Worldwide Ltd maintains sufficient liquid capital to cover all client deposits, potential fluctuations in the company’s currency positions and outstanding expenses. A detailed annual audit performed by an independent auditor points out any deficiencies.
The Company continually identifies, assesses, monitors and controls each type of risk associated with its operations. More specifically, when managing risks, the responsibilities of Senior Management are as follows:
- Assess on a continuous basis the effectiveness of the policies, arrangements and procedures in place;
- Decide on the Company’s risk bearing capability and strategy;
- Review the Risk Assessment Report carried out by the Risk Management Department and take appropriate action where necessary; and
- Ensure that the Company has the ability to cover its financial needs and capital requirement at any time.