Unlike banks, trading providers like IG are required to separate client money and assets from their own resources. This means that we’re not allowed to use them in the course of our business activities, and that client money and assets are completely ring-fenced and protected in the unlikely event that IG became insolvent.
IG is regulated by the Monetary Authority of Singapore (MAS). The MAS have strict regulatory requirements, and we are subject to the Singapore client money protection rules prescribed under the Securities and Futures Act and the Securities and Futures (Licensing and Conduct of Business) Regulations. These rules stipulate how we may hold and handle moneys that belong to our clients. We comply fully with these rules at all times.
All moneys held on behalf of clients is distributed across several top-tier banks regulated by the MAS.
The only clients whose money and assets aren’t treated like this are professional clients (such as other financial firms), or eligible counterparties who have signed a legal document explaining how their money and assets are held differently (this is known as ‘title transfer’).
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