Security of Funds

AmigaFX’s brokering services are provided by RetailFX Ltd – It is a registered Cypriot Investment Firm (CIF) with the Cypriot Securities & Exchange Commission (CySEC) under license number 109/10. AmigaFX is regulated under the Markets in Financial Instruments Directive (MiFID) and has the obligation to protect its client interests, thus, the company has taken all required measures to protect its client funds.

According to the CySEC's regulations, every Investment Corporation must own its sufficient funds, which are more than or equal to the sum of its fund capital requirement in any time, when there is a minimum requirement set forth by law, under which no Investment Corporationcan operate. An Investment Corporationmust have in place sound, effective and complete sets of strategies and execute an assessment to maintain on an ongoing basis the amounts, types and distribution of internal capital that they consider appropriate enough to cover the nature and level of the risks to which possibly being exposed. These strategies and processes are subject to regular internal review and to the CySEC's review, to make sure that they remain comprehensive and proportionate to the nature, scale and complexity of the financial activities of the Corporation.

From point view for protecting clients' rights in relation to financial instruments and funds belonging to them, an Investment Corporation must keep such records and accounts as are necessary to enable it at any time and without delay to distinguish funds being held for one client from funds being held for any other client, and from its own funds. This way of separating accounts is being supervised both internally and externally, by the regulator - CySEC.

MiFID - Markets in Financial Instruments Directive - is an authorized European Union law effective as of 1 November 2007, which provides a coordinated regulatory administration for investment services in the European Economic Area. One of the essential goal of MiFID is to increase fair competition and enhance client protections in investment services. RetailFX - AmigaFX broker - activities and services fully comply with MiFID requirements. All company's documentation and procedures are consistent with MiFID rules.

The Company is constantly supervised and assessed by the regulator for any type of risks related with its active trading operations. This means being examined on a constant basis for the effectiveness of the risk policies, arrangements and procedures in place which allow the company to make it easy to cover its fiscal needs and assets requirement at any time.