Safety of Funds
PriorFX has the obligation under its strict European regulations and laws to protect client interests. As a result, PriorFX has taken all the necessary measures to safeguard client’s funds:
- Client funds are kept in segregated bank accounts. These funds are off balance sheet and cannot be used in any way by PriorFX.
- PriorFX maintains operational and client bank accounts with reputable international banking institutions.
- Investment firms are obliged to meet strict financial standards, including capital adequacy requirements. PriorFX maintains sufficient liquidity to cover all client deposits, potential fluctuations in the company’s currency positions and expenses. A detailed annual audit performed by an independent auditor points out any deficiencies.
- The company continually identifies, assesses, monitors and controls each type of risk associated with its operations.