Safety Of Funds
Your financial security is of utmost importance to us. To that end, we have taken all possible steps to provide our clients with peace of mind so that when you choose to trade with LetsTrade, you are choosing to trade with one of the safest and most reputable companies in the industry.
All client funds, without any exceptions, are fully segregated into a special client account and kept separate from LetsTrade’s company funds. Segregation provides complete security by ensuring that client funds will not be used to pay back creditors in the unlikely event of the default or insolvency of LetsTrade. All funds, whether they are classified as company funds or client funds, are kept without any exception in world class financial European institutions, amongst the safest in their category.
All your funds, without any exceptions, are fully segregated into special client accounts and kept separate from our company funds, ensuring they remain secure. Whether they are classified as company funds or client funds, they are kept in licensed, world-class financial institutions in the UK and Germany, amongst the safest in their category.
The Investor Compensation Fund (ICF) is an extra measure of insurance for your funds. As we are a member of this fund, our clients may be eligible to put a claim into the ICF in the event that JFD Brokers unable to meet its financial obligations. Eligibility depends on the status and the nature of the claim.
Our automated risk management system, which includes negative balance protection and lower leverage set-up, is designed to reduce the risk of your account being depleted to zero or turning negative. This is especially useful to prevent negative impacts generated by weekend Market Gaps. Read more about our leverage policy.
WHAT IS MIFID II?
MiFID II, the Directive on Markets in Financial Instruments (2014/65/EC) came into effect replacing MiFID, the Markets in Financial Instruments Directive (2004/39/EC). MiFID II has been transposed into Cypriot legislation with Law 87(I)/2017 (Law which provides for the Provision of Investment Services, the Exercise of Investment Activities, and the Operation of Regulated Markets and Other Related Matters), and applies from 3 January 2018.
MiFID II’s aim is to improve the competitiveness of EU financial markets by creating a single market for investment services and activities, and ensuring a high degree of harmonised protection for investors in financial instruments, such as shares, bonds, derivatives and various structured products.
JFD Group Ltd can offer authorised and regulated cross-border services to all Member States of the EEA or in a country where the company has a legal permission to do so (such as Belarus, China, Switzerland, Turkey, UAE and Ukraine) whereas JFD Overseas Ltd is allowed to serve only clients whose residence is in another third country.
Only applicable to new LetsTrade customers that make an initial deposit during the promotion period specified above.
Trading Rewards will be credited to each customer’s account on a monthly basis rebating all trading commissions incurred during the prior month up to the level specified in the trading rewards table.
Not to be used in conjunction with any other LetsTrade promotional offer.
Upon opening an account and availing of the Lestrade services the Customer Terms and Conditions Agreement shall apply.
TRADE WITH CONFIDENCE
LetsTrade and LetsTrade.com are registered trading names owned and used by JFD Group Ltd (ex. JFD Brokers Ltd), a company with registration number HE 282265, authorized and regulated by the Cyprus Securities and Exchange Commission - CySEC (Licence number: 150/11) and JFD Overseas Ltd which is authorized and regulated by the Vanuatu Financial Services Commission (License number 17933).
JFD Group Ltd is licenced to provide the investment services of Agency Only Execution (i.e. reception and transmission of orders, execution of orders on behalf of clients), Portfolio Management and Investment Advice in relation to Transferable Securities, Options, Futures, SWAPS, Forward Rate Agreements, Financial Contracts for Differences (CFD) and other Derivatives. JFD Group Ltd is also licenced to provide the ancillary service of Safekeeping and Administration of Financial Instruments. JFD Overseas Ltd is licensed to carry on the business of dealing in securities, reception and transmission of orders in relation to one or more financial instruments; Execution of orders on behalf of clients; Portfolio management; Provision of investment advice; Underwriting of financial instruments and/or placing of financial instruments on a firm commitment basis in relation to Transferable Securities, Options, Futures, SWAPS, Forward Rate Agreements, Financial Contracts for Differences (CFD) and other Derivatives. JFD Overseas Ltd. is also licenced to provide the ancillary service of Safekeeping and Administration of Financial Instruments. Read and understand the Terms and Conditions of each entity of the JFD Group prior to taking further action.
Regional restrictions: JFD Group Ltd is allowed to serve only clients whose residence is in the EEA or in a country where the company has a legal permission to do so (such as Belarus, China, Switzerland, Turkey, UAE and Ukraine) whereas JFD Overseas Ltd is allowed to serve only clients whose residence is in another third country. A restriction on offering investment services applies to residents of the United States of America, Russia and to residents of other countries whose domestic regulations classify such investment offering as prohibited.
© 2011 - 2019 JFD Bank is owned and operated by JFD Group Ltd., Cyprus.
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