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Segregated accounts are bank accounts where client funds are held separately from the broker’s operational funds. It is a common regulatory requirement for licensed brokers and is designed to keep client money apart from the firm’s own money, so it is not used for the firm’s own business. Segregation reduces, but does not remove, the risk of loss if a broker fails; how client money is treated in an insolvency depends on the law and the institution holding it.
You deposit $10,000 with GCC Brokers. It is held in an account with a bank or payment institution separately from our own funds, and is not used for our own account or to meet our own obligations, as set out in Clause 11 of the Client Agreement.
