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Safety of
funds disclosure:
Please note
that at no point are accounts held by or funds received by the Houseofforex.
Trading accounts
are held with Interbankfx. Please find the relevant disclosure below:
In light of an increase in concern over the security of funds in the Forex
Industry, Interbank FX believes it is appropriate to explain its policy
on this regard. Interbank FX is a member of the National Futures Association
(NFA) in good standing and undergoes regular audits by the NFA, the CFTC
(Commodity Futures Trading Commission) and independent auditing firms.
Furthermore, Interbank FX provides a valuable service granting clients
direct access to the interbank market without taking on currency risks
in the process. We do not hold our customers trades or trade against our
customers. In addition to this practice, operational funds are kept completely
separate from clients funds. When you send you funds to be traded, you
send them directly to an account titled the “Interbank FX –
Customer Funds Account” that Interbank FX has set up specifically
for clients at Bank of the West for this reason. Funds never come to an
Interbank FX company account for your protection.
Interbank FX employs Bank of the West which is the largest Californian
bank of its kind and it is fully owned by BNP Paribas, one of the largest
banks both in Europe and the world. In keeping with common practice among
NFA registered institutions, Interbank FX does not insure client funds.
The company does, however, strive to maintain an excellent reputation
among clients for transparency, integrity and investor assistance. The
NFA prevents FCM’s such as Interbank FX from making representations
that forex funds deposited are “segregated” or given special
protection under the bankruptcy laws – see Retail Forex Transactions
– A Regulatory Guide 11/03
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