“Trade with a Broker where Client Security and Protection is of Utmost Importance”
As a vocal advocate of increased regulation and investor protection, Global Markets Group Limited (GMG) is fully regulated by the Financial Conduct Authority (FCA) under the firm reference number: 744501. The FCA is often seen as one of the most respected regulators in the industry due to its strict surveillance of its participants. As a highly regulated firm, GMG is committed to keeping its clients money safe and operates under strict European regulations.
FINANCIAL STANDARDS AND OVERSIGHT
According to FCA regulations, Global Markets Group must follow and meet strict financial standards, including capital adequacy requirements. On a regular basis, GMG is required to submit financial reports to regulators. These standards are enforced by the FCA, which has the right to fine firms and/or terminate their regulatory status for any violations.
Accounts with GMG are segregated in accordance with FCA client money rules. Accordingly, in the unlikely event of default, client funds held in segregated accounts are protected, and cannot be used to benefit other creditors.
A World Renowned Regulator
The Financial Conduct Authority is considered to be one of the top regulators worldwide. GMG decided to obtain the FCA license given increasing security and transparency demands from investors and traders across the industry. A plethora of global brokerage licenses are available however we desired to be regulated by the FCA, one of the most in-depth and thorough regulators worldwide. We feel this gives our clients the extra protection they need when trading.
Our Matched Principal FCA License
As an exclusive Matched Principal FCA licensee holder, GMG is strictly an agency broker with 100% DMA / STP execution. We are forbidden from holding proprietary positions internally, meaning we do not hold any risk against our clients. GMG is solely an intermediary between the client, liquidity providers and exchanges. The fact that we do not hold a market making license brings a transparency and non conflict of interest not easily found at other brokers.
GMG’s Regulatory Responsibilities
Global Markets Group must follow and meet strict financial standards, including capital adequacy requirements. On a regular basis, GMG is required to submit financial reports to the FCA. In addition, internal and external audits are performed on a periodic basis. FCA standards are strictly enforced as they have the right to fine firms and/or terminate regulatory status for any violations.
SECURITY OF FUNDS
Accounts with a Top Tier Bank
Client funds are held in segregated accounts with Barclays Bank, a tier one bank based in the United Kingdom. Our client accounts are held in US Dollars, GBP Sterling, Euros and Mexican Pesos. These accounts are kept 100% completely segregated from GMG’s operating capital. To see the details of our client segregated bank accounts, click on deposit now.
Segregation of Client Funds
GMG maintains segregated client accounts to ensure that client funds are fully segregated from company operating funds at all times. Client accounts have the required coding to ensure that they are used for clients funding purposes. All client funds deposited follow our strict policies and procedures, with activities monitored and reviewed by our external and internal auditors on an ongoing basis.
As an FCA regulated firm, Global Markets Group’s retail client funds are protected by the Financial Services Compensation Scheme (FSCS). With current protection up to £50,000, our clients have extra peace of mind their funds are secure with GMG. Click on the FSCS website for more information.