What does IG do with my money and my assets?
Unlike banks, investment firms like IG are required to separate client money and assets from their own resources. This means that we’re not allowed to use them in the course of our business activities, and that client money and assets are completely ring-fenced and protected in the unlikely event that IG became insolvent.
IG Markets is regulated by the Financial Conduct Authority (FCA). The FCA have strict regulatory requirements, known as the client money and client assets rules (found in the Client Assets Sourcebook – CASS), which govern exactly what we can do and how we must do it.
IG Europe GmbH is regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). BaFin oversees firm’s compliance with the relevant rules for protecting client funds (§84 WpHG, §16 MiFID, §10 WpDVerOV).
The only clients whose money and assets aren’t treated like this are professional clients (such as other financial firms), or eligible counterparties who have signed a legal document explaining how their money and assets are held differently (this is known as ‘title transfer’).