Security of Funds
In order to promote the security of funds for Customers, IKON Group has designed various financial products and account types.
There are different solutions offered by IKON Group to facilitate Customers that seek such protections in relation to their security of funds when trading. These financial products can be utilized individually or collectively to ensure the highest possible security of funds for our Customers.
As per the regulatory requirements, Customer funds are segregated into a special Customer account and are separated from IKON Group's capital accounts.
The Customer's funds are placed in a segregated bank account(s) of major international banks, and are not allowed to be used for any purpose except for trading of the Customer(s).
Pursuant to the regulatory requirements, IKON is required to treat all Customer money as Customer property; to account separately for and segregate Customer money, securities and property; and not to commingle those assets with the operating assets of IKON Group.
Deposit Guarantee:IKON Group is pleased to announce a deposit guarantee for retail customers supported by the Financial Services Compensation Scheme (FSCS).
The FSCS is the UK's Governmental Statutory Fund of last resort for customers of authorized Financial Services Firms. This means that FSCS can pay compensation if a firm is unable, or likely to be unable, to pay claims against it.