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Safeguarding of clients funds

1. The Scope

a) This policy of IUX Markets (MU) LTD (hereinafter referred to as “IUX” or “the Company’) details the procedure of the placement of clients’ funds with the credit institution. 

b) For the purposes of safeguarding funds belonging to clients, the company shall comply with the below requirements:

  1. The Company shall keep records and accounts, to enable the company at any time and without delay to distinguish assets held for one client from assets held for any other client, and from its own assets.
  2. the Company shall maintain its records and accounts in a way that their accuracy will be ensured, and especially their connection to the financial instruments and funds held for clients.
  3. the Company shall conduct, on a regular basis, reconciliations between its internal accounts and records and those of any third parties by whom those assets are held.
  4. the Company shall take the necessary steps to ensure that client funds deposited, in a central bank, a credit institution or a bank authorized in a third country or a qualifying money market fund are held in an account or accounts identified separately from any accounts used to hold funds belonging to the Company.
  5. the Company shall introduce adequate organizational arrangements to minimize the risk of the loss or diminution of client assets, or of rights in connection with those assets, because of misuse of the assets, fraud, poor administration, inadequate record keeping or negligence

2. Holding Segregated Accounts

a) The Company shall deposit all clients’ funds with a segregated account held with reputed financial institutions within the Republic of Mauritius or to an equivalent country.

b) These funds shall be completely segregated from the Company’s own money. This segregation is carried out with the aim to ensure that Client funds are never used by the Company for any purpose, nor can they be used for the clients of the Group the Company belongs to.

c) The Company may also use multiple institutions to ensure diversification of segregated accounts.

3. Authorised Signatories

a) The Company shall appoint two persons with combined signatory powers in terms of clients’ funds accounts. The signatories for those accounts shall be the 2 Executive Directors (4 eyes).

4. Reconciliation of Clients’ Funds Company Objectives

a) The Company shall regularly conduct reconciliation of clients’ funds.

b) In case of any significant weaknesses detected the accounting team shall take all possible corrective measures.

c) Reconciliations on a regular basis shall be reviewed by the Board of the Company.

5. Mitigation

a) The measures adopted include the risk identification of possible detrimental reliance on third parties, procedures to minimize such risks and diversify the clients’ funds without sacrificing the speed or service quality to clients.

b) The Company shall implement measures for identification and mitigation of possible exposures always connected to Safeguarding of Clients’ Funds. 

c) The Board of Directors will take the necessary measures to identify and take corrective actions to minimize the possible exposures connected to safeguarding of clients’ funds.

IUX Markets (MU) Ltd. is authorized by the Financial Services Commission (FSC) in Mauritius, with the Investment Dealer license number GB22200605, registered at Ebene House, Hotel Avenue, 33 Cybercity, Ebene, 72201, Mauritius, and having its physical office at Office 713 7th Floor, Nexsky Building Ebene Cybercity, 72201 Mauritius.

Risk Warning: Please note that CFDs trading and other credit products trading is high risk and is not suitable for all investors. Trading financial instruments may result in losses as well. To be profitable And losses that can exceed the initial investment. Before the transaction, be sure to understand all the risks and should receive unbiased advice if necessary. Under no circumstances shall IUX Markets have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any investing activity. This information is not intended for residents of countries or jurisdictions under significant sanctions, such as: Afghanistan, Barbados, Belarus, Burkina Faso, Cameroon, Central African Republic, Cuba, Democratic Republic of Congo, Haiti, Iran, Libya, Mali, Mozambique, Myanmar, Nicaragua, North Korea, Russia, Senegal, Sudan, Syria, Tanzania, Venezuela, Yemen, and Zimbabwe.

All trading-related information on the IUX website is not intended to solicit residents of, including but not limited to, Australia, Belgium, Canada, France, Japan, Poland, Ukraine, the United Kingdom, and the United States. This website is not designed to encourage or promote trading activities. Please note that leveraged margin trading and binary options carry significant risks, including the potential for rapid financial losses.

IUX ensures the security and privacy of its customers by complying with the PCI DSS. Through partnerships with card processors audited under PCI DSS requirements, we prioritize the safety of customer funds and data.

© 2024 IUX Markets (MU) Ltd.

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