Banks are selected only following a full risk assessment, to ensure that they meet the requirements of IG’s own policy on banks holding client money. All selected banks are monitored on an on-going basis.
In the event that a Singapore-based bank defaults, clients’ moneys held in the trust account will be treated as a liability of the Singapore bank and dealt with in accordance with applicable Singapore laws and regulations.
What happens to my money if one of the banks IG uses to hold client money goes into liquidation?
What happens to my money if one of the banks IG uses to hold client money goes into liquidation?