Customer investments are guaranteed up to £50,000.00 per eligible claimant for financial losses in the unlikely event that MEX Europe Limited (acquisition by the Group is subject to FCA approval) were to have any financial difficulty. The FSCS was setup under the Financial Services & Markets Act 2000 and guarantees all retail clients investments up to £50,000.
MultiBank grants trading lines on foot of Bank Guarantees or Bonds issued to it. In such a manner the Customer Funds remains with the Customers Bank Accounts and the Customer can trade with the Trading Line given by Multibank to the Customer.
The funds are deposited with a reputable Custodial Financial institution both in the name of the Customer and MultiBank. Thereafter the Customer is given a Trading Line according to the amount of the funds deposited with the Custodial Financial Institution. At the end of settlement period, the Customers PL is calculated and settled either through the Custodial Financial Institution or by transfer directly to the Customer Bank Account.
Multibank offers institutional customers, brokers and banks a settlement facility to increase their level of funds security by fixing the Net Open Position Limited (NOP) on the Customers trading account. The settlement facility will facilitate the granting an agreed NOP limit with no margin check which will leverage up the trading account of the Customer and fix the NOP despite any market movements (changes to the P&L).