Client Money Policy
This policy is provided to you by TD365.com, a Trading Name of Trade Nation Ltd. TD365.com has produced this policy document to state how we handle client money. The purpose of the document is to provide clients with an insight into how client money is reconciled and segregated so that they are better informed to assess the safety of their funds in relation to other providers.
All client money is held at Barclays Bank in London, a UK authorised deposit-taking institution.
All client money is segregated from any accounts used to hold TD365.com’s money but is co-mingled with other clients’ money as permissible by relevant regulation.
Client money is required to meet margin requirements, but margins are not transferred out of the segregated bank account to fund open positions.
Client money is not used to meet any of TD365.com’s margin requirements.
Each business day net client profits (realised or unrealised) on trades of the previous business day are transferred into the segregated client accounts and net client losses (realised or unrealised) of the previous business day are transferred out of the segregated client accounts. Therefore, funds held in segregated client accounts represent the total amount due and payable to all clients as at the previous business day. Payments are only ever made out of the client money accounts to meet withdrawal requests and to pay any net client losses of the previous business day.
In the event of there being a loss on a client’s position which exceeds the relevant client’s cash deposit, the negative balance will be written off by TD365.com.
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