Security

We hold our customers' funds in secure, segregated client accounts at Barclays Bank in London - separate from our day-to-day trading accounts.

Premier FX is also obliged to lodge a substantial amount of collateral with the bank, and this has to be left there for the whole of the time that we operate.

You should check that your money is secure when using a currency exchange company. Here is the best practice advice that we adhere to:

• Make sure the currency exchange (foreign exchange) company you choose uses secure client accounts
• The day-to-day business expenses of your currency exchange company should be completely separate from its client account funds
• Currency exchange companies need a main bank to hold their client accounts; make sure you are happy that the bank is a reputable one
• All UK currency exchange companies should be regulated by HM Customs and Excise and from May 2011 the UK's Financial Services Authority (FSA). The website, business literature and headed paper of the currency exchange company you choose should indicate this.
• All currency exchange companies should adhere to money laundering regulations and must have systems in place to check new clients and the source of their funds.

Please contact us if you would like to ask us any questions relating to the security of our clients' funds.