All clients will have a managed Forex agreement with the Platform, who for the duel reasons of both the client and the UK Financial Conduct Authority (FCA), will use a Liquidity Provider (LP) and a clearing house to protect a clients funds – The Forex Traders will never have direct access or authority to move funds, only leverage the value of their funds via the Liquidity Provider account. ATFX and CFH Clearing Ltd are the liquidity providers and clearing house of choice.
Once each of the Anti-Money Laundering (AML) and ‘Know Your Client’ (KYC) documents have been completed and received, along with any requested or supporting paperwork, A client will receive instructions to initiate the funds transfer directly to the acting Platform Administrator’s UK FCA Regulated Paymaster account, of which their name will be used as the reference. Upon the funds showing as cleared in the account, a receipt is issued.
The next step is for a Loan Note Agreement to be created and issued to the client. The same process of clients funds being cleared in the approved liquidity provider’s account will take place prior to the Forex Platform enacting trades.
More importantly, an investor’s monthly returns will be paid on the anniversary of when the clients funds cleared in the Liquidity Provider’s account, each and every month and will be noted within your documentation
As an example: if you transferred your funds are on day 4 in April, however the funds clear on the 8th of April – this means your monthly returns will be paid into your designated bank account on the 8th of each month for the duration of the investment Agreement.