What we do with your money

The essentials

What does IG do with my money?

Unlike banks, investment firms like IG are required to separate client money 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 are completely ring-fenced and protected in the unlikely event that IG became insolvent.

IG’s business in Singapore is regulated by the Monetary Authority of Singapore (MAS).

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

What happens to the money I deposit with IG?

Your money is held in segregated bank accounts under trustee arrangements. This ensures that the cash remains yours, rather than IG’s. It also means that it’s easily identifiable as client money, so IG and its creditors don’t have any charge, liens, or rights of set-off or retention over it.

We have a number of segregated bank accounts at a range of credit-worthy high street banks such as Standard Chartered Bank and DBS. We intentionally ensure that client money is split between a number of banks, and we’re not permitted to hold it all in one place.

We may place funds in notice or term deposit accounts with a notice period or term of up to 95 days. Placing client money in notice or term deposit accounts does not in itself affect your ability to deal with or withdraw funds from your account with us, however, in the unlikely event of insolvency of IG, such amounts may not be immediately available upon request.

What is Trust Account?

We are required to set up accounts with banks in Singapore to hold clients’ moneys. These accounts are designated as 'Trust Accounts' to distinguish them from other accounts held by IG. Moneys deposited in a trust account are held on trust by IG for and on behalf of our clients.

We deposit moneys received from clients in the trust accounts no later than the business day immediately following the day on which the moneys are received, or the day on which IG is notified of the receipt of such moneys, whichever is the later.

Clients' moneys held in trust accounts are segregated from IG's own moneys. This ensures that in the event of default by IG, client’s moneys will be returned to the clients rather than being treated as a recoverable asset by IG’s general creditors.

Client Money Protection Rules

IG’s business in Singapore is regulated by the MAS.

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.

What happens to my money or assets if IG goes into liquidation?

In the unlikely event of this happening, all our clients would have their share of the segregated money or segregated assets returned, minus the administrators’ costs in handling and distributing these funds.

What happens to my money if one of the banks IG uses to hold client money goes into liquidation?

Banks are selected only following a full risk assessment, to ensure that they meet the requirements of IG’s own policy on banks holding client money. All selected banks are monitored on an on-going basis.

In the event that a Singapore-based bank defaults, clients’ moneys held in the trust account will be treated as a liability of the Singapore bank and dealt with in accordance with applicable Singapore laws and regulations.