Segregation and Client Funds
What does “segregated accounts” mean?
In accordance with sections 16, 17, 26 and 27 of the Securities and Futures (Licensing and Conduct of Business) Regulations issued by the Monetary Authority of Singapore, Saxo Markets is obliged to hold money received from clients and assets held on behalf of clients in accounts separated from the company’s own money and assets.
All funds deposited by clients with Saxo Markets will be kept in a segregated client funds account in accordance with the above regulation. Securities held by clients with Saxo Markets are equally kept in segregated custody accounts.
How are my money and assets protected in the event of Saxo Markets bankruptcy?
Saxo Markets is generally required under Singapore laws to ensure that money received from clients as well as clients’ assets are segregated from Saxo Markets own money and assets.
In the unlikely event of Saxo Markets' insolvency, clients’ money and assets held with custodians will be excluded from the money and assets of Saxo Markets available to Saxo Markets' creditors and will remain for the benefit of the relevant client subject to deductions of charges and other costs due to Saxo Markets.