Safety of Funds

Clients Funds Deposited with Orbex are held in segregated bank accounts and separated from the company’s funds. Orbex, upon receiving any Clients’ funds, promptly places those funds into one or more accounts, denoted as “Clients”, opened with any of the following:

• Central Bank
• Credit Institution
• Bank authorized in a third country
• Qualifying money market fund
• Deep liquidity from Tier-1 banks
• Islamic (Swap Free) accounts

Separated from company’s funds.

Investor Compensation Fund

Pursuant to section 15 of the Investment Services and Activities and Regulated Markets Law of 2007, a firm applying for a Cypriot Investment Firm (‘CIF’) licence must belong to an investor-compensation scheme authorised or recognised in accordance with Directive 97/9/EC at the time of authorisation, therefore a CIF is not allowed to provide investment services without participating in the Investors Compensation Funds (ICF).

Orbex is a member in the Investor Compensation Fund the objective of which is to secure any claims of covered clients against members of the Fund and to compensate covered clients for any claims arising from the malfunction by a member of the Fund to fulfil its obligations despite whether that obligation arises from legislation, the client agreement or from wrongdoing on the part of the member of the Fund.

The Investor Compensation Fund was established to secure the claims of covered clients against a CIF through the payment of compensation in the event that the CIF in question was unable to: A- Return to covered Clients funds owed to them or funds which belong to them but are held by the CIF in the context of providing investment services to the said Clients or B- Hand over to covered Clients financial instruments which belong to them and which the CIF concerned holds, manages or keeps on their account.

Under the Rules and Regulations of the ICF, the total payable compensation to each covered Client may not exceed €20.000 EUR, irrespective of the number of accounts held, currency and place of offering the investment service.

Clients that are not covered by the ICF are:

The following categories of institutional and professional investors. States and international organizations. Central, federal, confederate, regional and local administrative authorities. Enterprises associated with Orbex, in accordance with the Second Schedule of the ICF Directive. Managerial and administrative staff of Orbex.

Shareholders of Orbex Investors having in enterprises connected with Orbex and, in general, of the group of companies, to which Orbex belongs, positions or duties corresponding to the ones listed in paragraphs (5) and (6). Second-degree relatives and spouses of the persons listed in paragraphs (5), (6) and (7), as well as third parties acting for the account of these persons.

For more information about the Investor Compensation Fund: Download Here