Safety of Funds
Client money at Volity is held by UBK Markets Ltd in segregated bank accounts, fully separated from the firm’s own funds, in line with the CySEC client money rules (CIF Law 87(I)/2017, Part VI). Eligible retail clients of UBK Markets are also covered by the Cyprus Investor Compensation Fund up to EUR 20,000 in the event of broker insolvency.
Keeping client money separate from our own
The client money and client assets rules, which are stringent regulatory requirements, govern how we handle your money. This implies that we keep client funds and assets separate from our own. Moreover, we are not permitted to use the money you deposit for any purpose related to our business. Your funds and assets are fully segregated and safeguarded in the unlikely event that we go bankrupt.
In cases of title transfer, where professional clients have executed a legal document specifying how their funds and/or assets are held, there is an exception to this fund segregation policy.
What happens to your money when you deposit using Volity?
When you deposit money with us, it is deposited into separate bank accounts overseen by trustee arrangements. This ensures that the funds stay your property and are not integrated into our holdings. Furthermore, by making sure the money is clearly identifiable as belonging to clients, this arrangement keeps Volity and its creditors from claiming ownership, charge, or right of set-off or retention over the money.
When you deposit money with us, it is deposited into separate bank accounts overseen by trustee arrangements. This ensures that the funds stay your property and are not integrated into our holdings. Furthermore, by making sure the money is clearly identifiable as belonging to clients, this arrangement keeps Volity and its creditors from claiming ownership, charge, or right of set-off or retention over the money.
When you deposit money with us, it is deposited into separate bank accounts overseen by trustee arrangements. This ensures that the funds stay your property and are not integrated into our holdings. Furthermore, by making sure the money is clearly identifiable as belonging to clients, this arrangement keeps Volity and its creditors from claiming ownership, charge, or right of set-off or retention over the money.
Investor Compensation Fund (Cyprus)
Eligible retail clients of UBK Markets Ltd are covered by the Cyprus Investor Compensation Fund (ICF) up to EUR 20,000 per client per firm in the event of broker insolvency. ICF cover applies in addition to the segregation of client money under CIF Law 87(I)/2017, Part VI. Verify on the CySEC public register: cysec.gov.cy. UBK Markets Ltd is authorised under licence 186/12.
