Dear Client,

This is to inform you that Fxnet Limited (the ‘Company’) has entered the UK’s Temporary Permission Regime from the 1st of January 2021. Accordingly, we would like to disclose the following information to you:

The Company is deemed authorized and regulated by the Financial Conduct Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorization, are available on the Financial Conduct Authority’s website.

In the event of the Company’s failure, you may be entitled to compensation from the Cyprus Investors Compensation Fund, up to the amount of €20.000. The object of the Fund is to secure the claims of the covered Clients against the Company, in cases where the Company is unable to meet any of its obligations that arise as a result of the provision of investment and/or ancillary services and where the Company’s financial position is unlikely to change in the foreseeable future, by the payment of compensation for the Clients’ claims arising from the covered services provided by the Company, so long as failure by the Company to fulfill its obligations has been ascertained. More information can be found in the Company’s Investor Compensation fund policy.

The Company always keeps Clients’ funds in segregated accounts, clearly distinguishable from the accounts holding its own funds. Therefore in the event of the Company’s failure, the Company shall be able to distinguish clients’ assets and/or funds from its own funds and by this segregation the Clients’ assets and/or funds are protected. More information can be found in the Company’s  Terms and Conditions of use section 26.