AA Rated Banks
The Company maintains operational and client bank accounts with reputable international AA Rated banking institutions.
In accordance with international regulation standards, PatForex is using separate accounts to keep protected customers’ funds segregated from the company’s balance sheets. This keeps your funds secure and untouched.
Investment firms are obliged to meet strict financial standards, including capital adequacy requirements. PatForex maintains sufficient liquid capital to cover all client deposits, potential fluctuations in the company’s currency positions and outstanding expenses. A detailed annual audit performed by an independent auditor points out any deficiencies.
The Company continually identifies, evaluates, monitors and controls each type of risk associated with its operations. More specifically, when managing risks, the responsibilities of Senior Management are as follows:
- Assess the effectiveness of the policies, arrangements and procedures in place on a continuous basis;
- Decide on the Company’s risk bearing capability and strategy;
- Review the Risk Assessment Report carried out by the Risk Management Department and take appropriate action where necessary; and
- Ensure that the Company has the ability to cover its financial needs and capital requirement at any time.
We use highly secure technology to protect your personal data and financial transactions. SSL-secured Personal Area is protected with 256-bit encryption, which makes your browsing safe and your data inaccessible to any third parties.
PatForex recommends you to verify your account by submitting your personal ID scan and an address proof. This simple measure will make sure your transactions are authorized and secured.