Safety of Funds
AtBitstream Matrix FX, we recognize the importance of keeping
your funds safe at all times. It is vital to choose your
broker wisely. This means that you must observe how Forex brokers are ensuring that your
deposits are safe. That is
why we have made the safety of your funds a FUNDAMENTAL PILLAR of our operation.
We strive to take all the necessary steps to ensure your funds are safe, along with the
highest level of protection
over them. That is why all our traders funds are separately administered from our own and
held in segregated
accounts in Tier 1 international banks.
- Data Security
- Segregated Accounts
- Tier 1 Banks
Quite often, the best way to judge a firm’s financial integrity is by its reputation and the
commitment it shows to
its clients through its service and business decisions. Our devotion to our clients has made our
firm a respected
industry leader. Investors must be prudent in regard to where they hold their funds, and it is
vital to consider the
integrity of the firm and its management when making one’s decision.
Accounts with Top Tier
Banks
Bitstream Matrix provides banking and treasury services through world-class banking
institutions to its clients. These
banks are completely independent and do not endorse the obligations ofBitstream Matrix to
its customers.
Segregation of Client
Funds
Client funds security is a key element of theBitstream Matrix philosophy alongside unmatched
trading conditions and
customer support. With global recognition for excellence, solid reputation and multi-award
winning services, our
clients are assured that their funds are held with security, clarity and integrity.
Bitstream Matrix maintains segregated
client accounts to ensure that client funds are fully separated fromBitstream Matrix's own
funds at all times. Each
client account has a unique code to ensure that it is used solely for client funding
purposes. All client funds
deposited are completely segregated in accordance with strict policies and procedures.
Clients can be assured that
their funds are safe.
Insurance
Bitstream Matrix 's mission has been to facilitate investors’ access to the global markets
and to protect their funds at
all times.
The way in which we have done this, and continue to do so, is by allocating significant
capital reserves, and by
being a broker with a strong business ethic who remains focused on fair trading practices.
With this in mind, we wanted to add an additional layer of security to safeguard our clients
for up to €5,000,000!
This insurance is an arrangement by which a company aims to safeguard its liabilities
against Clients by providing a
coverage against errors, omissions, negligence, fraud and various other risks that may lead
to financial loss.
Compliance with Laws
Regulations
All employees are responsible for adhering to all the relevant laws and regulations, as well
as the rules and
principles outlined in the Code of Conduct. Employees must ensure that they are familiar
with the laws, regulations,
best business practices, and the required ethical conduct which is befitting for being a
Bitstream Matrix FX employee.
Confidentiality
During daily business activities, employees are privileged to client information relating to
account details, trade
practices & patterns, fees & revenues, marketing practices, etc. Employees are required to
keep this information
confidential. This means they are not permitted to disclose this information to any
third-party unless they are
legally permitted to do so.
Anti-Money Laundering
Money laundering is highly forbidden here atBitstream Matrix FX and we are always working
towards eliminating these
actions. In order to do so, we have a number of policies in place in order to prevent this
unlawful act.
These include:
- Ensuring clients have valid proof of identification.
- Requiring the client to provide valid utility bills for proof of residence.
- Maintaining records of identification information.
- Determining that clients are not known or suspected terrorists by checking their names
against lists of known or
suspected terrorists.
- Informing clients that the information they provide may be used to verify their
identity.
- Closely following clients’ money transactions.
- Not accepting cash, money orders, exchange houses transfers or Western Union transfers.
- Not accepting money from countries on terror watch lists, such as Iran, North Korea,
Yemen, and Syria.
Money laundering occurs when funds from an illegal/criminal activity are moved through the
financial system. It is
moved in such a way as to make it appear that the funds have come from legitimate sources.
Data Security
Being traders ourselves we know the sensitivity of data security is of primary importance.
That is why we employ the
highest standards or technology and compliance to ensure your safety.
Bitstream Matrix makes sure that all your credit card deposits and personal information are
kept safe and secure with by using
SLL Certificates while you trade with us.
Risk Management
Bitstream Matrix through its award-winning trading platforms provides an automated
risk-management system to ensure that
client account balances will never go negative.
