Safety of client funds
In order to ensure the safety of our clients'funds we adhere to the following principles:
1. Additional Security through membership of the Investors Compensation Fund
TeleTrade, in compliance with Law 144(I)/2007, is a member of the Investor Compensation Fund (ICF) and provides additional protection to their retail clients. Securing claims is dependent on several factors. You can check eligibility terms in our Investor Compensation Fund legal document.
2. Segregated client bank accounts and low credit risk
All client funds deposited with TeleTrade are fully segregated from the company’s funds and are kept in separate bank accounts. We have partnerships with top rated European banks. In cooperation with our financial auditors KPMG in Cyprus, we conduct our business operations to the highest achievable standards.
3. Preventing your investments from negative balance
TeleTrade uses a risk management system designed to assure that client’ balances will never fall below the level of their initial deposits, protecting them from any losses beyond their original investment.
4. Cyprus Securities and Exchange Commission regulatory standards
TeleTrade is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) and adheres to all CYSEC regulatory standards. We diligently submit all financial reports to CySEC including daily reconciliations of funds, and operate in accordance with strict standards, including maintaining a sufficient capital adequacy.