The security of your funds is our top priority. All retail client funds are housed in segregated accounts at top global banks. In addition, we commit to full transparency, so you understand our financial strength.
REGULATION AND LICENCE
Nromax Group is regulated by the Diverse Financial Conduct Authority and other regulatory bodies.
CLIENT FUND SEGREGATION
As regulated, The Nromax Group is obliged to follow the client money rules. The rules require The Nromax Group to ensure a clear segregation between money belonging to retail clients and money that belongs to the firm. Retail client money is transferred to a segregated client money bank account held with a third party. Nromax only deposits client money with third parties that have a credit rating equivalent to the FCA’s Credit Quality Step 5 rating. The Nromax Group exercises all due diligence in the selection, appointment and periodic review of third parties.
CLIENT FUND SECURITY
In the unlikely event of insolvency, segregated client funds cannot be used for reimbursement to creditors. If we are unable to satisfy repayment claims, eligible claimants have the right to compensation by the Financial Services Compensation Scheme, up to £50,000, or FDIC amounts.