How client money is held.
Client money is held in segregated trust accounts with an approved bank, separate from OFinancial LLC's own money. This page explains what that means, and where its limits are.
At a glance
- Where it is held
- Segregated trust accounts with an approved bank
- Kept apart from
- OFinancial LLC's own money
- Negative balance
- Protection under section 19.1
- Compensation scheme
- Not covered
How a deposit reaches your account.
- 1
You
Pay from an account in your name
- 2
Payment provider
Processes the payment, and may be an affiliated company
- 3
Trust account
Segregated, with an approved bank
- 4
Your trading account
Balance shown in MetaTrader 5
What applies to every account.
Client money is kept separate
Client deposits are held in segregated trust accounts with an approved bank, apart from OFinancial LLC's own money.
Client agreement, section 6.2
Negative balance protection
If a stop out leaves your balance below zero, the client agreement provides for it to be adjusted to zero. You can still lose all the money you deposit.
Client agreement, section 19.1
A route for complaints
Our compliance officer reviews every complaint. If you aren't satisfied, you can ask for it to go to our directors, then to the Financial Services Commission, Mauritius.
Complaints policy
The limits.
Segregation keeps client money apart from the company's own money, but it isn't a guarantee. Keep these points in mind:
- Client money is pooled in the trust accounts. Each client's money isn't held in a separate account of its own.
- Segregation doesn't cover every loss, for example if the company can't pay back what it owes.
- We aren't liable if a bank holding client money becomes insolvent.
- Trading with OFinancial LLC isn't covered by a client compensation scheme.
- Holding client money separately doesn't limit trading losses. CFDs can lose you all the money you deposit.
- Money can be moved out of the trust accounts as the client agreement allows, for example to settle losses and fees (section 6.5).
Apply for an account.
Complete a short application and our team will contact you with the next steps.
CFDs are leveraged products. You could lose all the money you deposit. They may not be suitable for everyone.
Please read the client agreement and risk disclosure before you apply.