How does Paramount Capital Fx store and safeguard client funds?
At Paramount Capital Fx, we take the security of client funds very seriously. All funds are kept in segregated accounts. This means that any funds deposited by our clients are either held in the client’s name or in the name of Paramount Capital Fx on behalf of the client, all within an independent bank account.
Additionally, we maintain segregated accounting records in our system. This allows us to keep a clear distinction between our own funds and the assets of our clients. At any time, we can easily and accurately identify which funds belong to which client, keeping them completely separate from our own company funds.
Rest assured, client funds are never used to pay creditors and remain protected, even in the unlikely event that Paramount Capital Fx were to cease operations.