The most essential requirement in the financial industry is the safety of clients’ funds. HWFX ensures the safety of clients’ funds by following the procedures as set out below:
ACCOUNTS WITH TOP TIER BANKS
HWFX provides banking and treasury services for its clients through world-class banking institutions. These banks are completely independent and do not endorse the obligations of HWFX to its customers
SEGREGATION OF CLIENT FUNDS
Client Funds (including unrealized profits) are held in separate client money trust accounts with a Tier One EU Bank. HWFX maintains separate client accounts to ensure that client funds are fully separated from HWFX own funds at all times. Unlike some other Forex brokers, HWFX DOES NOT use any client money for margining or hedging purposes. Each client account has a unique code to ensure that it is used solely for client funding purposes. All client funds deposited to HWFX are completely separate in accordance with strict policies and procedures
PROTECTION BY THE FINANCIAL SERVICES COMPENSATION SCHEME
All the clients of HWFX are treated as retail clients to ensure that we can offer the highest protection. As a member of the Investor Compensation Fund, our clients may be eligible to receive compensation in case of the inability/failure of the member to fulfill its financial obligations.
HWFX through its trading platforms provides an automated risk-management system to ensure that client account balances will never go negative.