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Today, broker regulation is an important factor in reliability and trust for the end user. It is, however, quite important to understand the idea behind any regulation.
Regulation is a set of rules a broker must comply with. A regulated broker is usually annually audited and checked regarding whether it adheres to regulations or not. But it is very important to note that no amount of regulation can directly influence the relationship between a client and their broker. Any highly unlikely yet possible conflicts are subject to legal proceedings.
Despite regulation being in place for some brokers, on January the 15th 2015 several large brokers became bankrupt; client funds were not properly accounted for which left clients reeling. So, even with regulation, the onus is still on the company to ensure they operate ethically. AITS FX operates with integrity, openness and honesty and prides itself on customer service levels, all traits which are not enforceable by any amount of regulation.
International financial regulators set the industry standards that everyone must comply with. We all want honest and transparent rules in the market. AITS FX applies these rules in its business. We are already working de facto in compliance with international regulation standards.We are registered with the FSA of St Vincent and the Grenadines. You can view the certificate here. We will continue to apply the standards we believe in and are open to recommendation put to us by our clients. AITS FX has made application to the UK's FCA and awaits further instruction from them.
We use fund segregation accounts to ensure the security of our clients funds.This means that in the event of any failing by AITS FX, our clients monies are not at risk. They would receive the monies in their accounts. Had those brokers affected by the events of January 2015 done the same, then their clients would not have had to endure the fallout afterwards.
AITS FX Ltd was registered in 2015 in Saint Vincent and the Grenadines under licence number 22908 IBC 2015. The Company's legal and correspondence address is suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont, Kingstown, St Vincent and the Grenadines. Our UK satellite office address is PO Box 8202, Derby, DE9 1NR.
AITS FX acts in compliance with international legislation and regulation standards expected by everybody. We strongly believe that honesty is the best policy and strive to ensure you have the best standard of treatment at all times.