Safety of Funds
At ASF Markets, you can be assured your account funds and deposits are protected with beyond due diligence and protective measures from our dedicated team.
There are six excellent reasons why our clients experience paramount safety and ease of mind when transacting with us.
ASF Markets is authorized and regulated by the Financial Services Authority (FSA), the principal financial services regulator of the Saint Vincent and the Grenadiens, a British overseas territory. FSA adopts the strictest of standards, including capital adequacy requirements. The company submits financial reports to FSA on a regular basis including reconciliations of client funds.
We have established partnerships with Tier 1 bank. Client funds are held in a segregated account via Global Custodial Services.
We maintain segregated client accounts to ensure that client funds are fully segregated from company funds at all times. Client accounts are established with the required coding to ensure they are used for clients funding purposes only. All client funds deposited follow our strict policies and procedures, with activities monitored and reviewed by our auditors.
Through our trading platform, we provide an automated risk management system that ensures that our clients’ account balances will never go negative. This measure is in place to protect our clients from the risk that trading and leveraging exposes them to – particularly in volatile markets.
Our technology tracks the balances, positions, profits and losses and margin levels for all account holders in real time. The back office system’s real time margin-watch feature automatically closes out open positions if a customer’s account is at risk of going into a negative balance as a result of a trading position losing value and reaching the minimum margin threshold.
Data security is of critical importance to us. We use industry standard products and practices throughout our facilities. We have strict policies and procedures with a minimal set of employees retaining access to customer data. Physical security at our data-centers is handled by security staff present 24 hours a day, seven days a week. We have established a business continuity process to prepare and maintain business continuity plans and procedures designed to ensure a prompt recovery following the loss or partial loss of any of our infrastructure, systems or locations. We have systems in place to automatically backup of all our servers, customer data and trade orders. Our recovery plans are tested on a regular basis in order to verify their effectiveness. Plans are periodically modified and updated based upon our business needs and infrastructure changes.
At ASF Markets, we recognize the importance of convenience and flexibility to our partners and clients. We accept and support a multitude of options to fund a trading account.