Legal
How your money is protected
Regulated FX Contracts and Client Money
Bound will treat money received from you, in connection with a Regulated FX Contracts only, as 'client money' and will protect such money in accordance with the FCA client money rules. We will segregate such money, where received by us from our own money by placing it in a separate bank account with a reputable bank.The bank account will be opened in Bound's name but for your benefit. This is called a 'client money account'
For the avoidance of doubt, any money which Bound receives from or holds for you, will not be 'client money' and will not benefit from the client money protections when it becomes otherwise due and payable to Bound, e.g. in relation to a FX Forward, any Required Funding Amount (e.g. where funds are reserved for settlement). Please see more detail on when and how your Client Money is protected at https://bound.co/legal/bound-terms-and-conditions
If you require a breakdown of the exact amounts of client money at a particular point in time, please do not hesitate to contact your account representative or email help@bound.co.
Regulated FX Contracts and Client Money
Bound will treat money received from you, in connection with a Regulated FX Contracts only, as 'client money' and will protect such money in accordance with the FCA client money rules. We will segregate such money, where received by us from our own money by placing it in a separate bank account with a reputable bank.The bank account will be opened in Bound's name but for your benefit. This is called a 'client money account'
For the avoidance of doubt, any money which Bound receives from or holds for you, will not be 'client money' and will not benefit from the client money protections when it becomes otherwise due and payable to Bound, e.g. in relation to a FX Forward, any Required Funding Amount (e.g. where funds are reserved for settlement). Please see more detail on when and how your Client Money is protected at https://bound.co/legal/bound-terms-and-conditions
If you require a breakdown of the exact amounts of client money at a particular point in time, please do not hesitate to contact your account representative or email help@bound.co.
Regulated FX Contracts and Client Money
Bound will treat money received from you, in connection with a Regulated FX Contracts only, as 'client money' and will protect such money in accordance with the FCA client money rules. We will segregate such money, where received by us from our own money by placing it in a separate bank account with a reputable bank.The bank account will be opened in Bound's name but for your benefit. This is called a 'client money account'
For the avoidance of doubt, any money which Bound receives from or holds for you, will not be 'client money' and will not benefit from the client money protections when it becomes otherwise due and payable to Bound, e.g. in relation to a FX Forward, any Required Funding Amount (e.g. where funds are reserved for settlement). Please see more detail on when and how your Client Money is protected at https://bound.co/legal/bound-terms-and-conditions
If you require a breakdown of the exact amounts of client money at a particular point in time, please do not hesitate to contact your account representative or email help@bound.co.