Safety of Funds
StockSTP is regulated by the Cyprus Securities and Exchange Commission (CySEC), has the obligation under EU Investment law (MiFID) for the protection of client interests. As a result, the Company has taken all necessary procedures to preserve our client funds:
Segregation of Funds
Client funds are received in the company’s trust segregated client bank accounts. All funds are off balance sheet and cannot be used to pay back creditors in the unlikely event of default of the Company. Each client account has a unique code to ensure that it is used only for client funding purposes. With global apreciation for excellence, solid reputation and multi-award winning services, our clients are guaranteed that their funds are held with clarity, security and integrity.
The Company keeps operational and client bank accounts with reputable EU banking institutions.
Supervision by the Regulator
Regulated firms are obligatory to meet strict financial standards, including capital correctness requirements. StockSTP is required to submit financial reports to the controller on a regular basis; for that reason we are required by law to maintain adequate liquid capital to cover all client deposits, potential oscillations in the company’s currency positions and exceptional expenses.
Our Company continually identifies, evaluates, monitors and controls each type of risk associated with its operations and actions.