How We Keep Your Funds Safe

At BnkPro, we understand that the safety of funds is of the utmost importance to our clients, and we take all reasonable steps to ensure that any money held with us is dealt with in accordance with the applicable laws.

Like all regulated financial entities, we hold client funds in segregated accounts, separate from the money we use to run our business.
For all our customers sending money with BnkPro or holding money in a BnkPro account, in keeping with BnkPro’s regulatory obligations, we 'safeguard' our customers’ funds in a European bank.

As an e-money and payment service provider, we aren't subject to the Financial Services Compensation Scheme (FSCS) or the Investor Compensation Funds (ICF) nor Deposit Guarantee and Resolution of Credit and Other Institutions Scheme (DGS).

How Are Your Invested Funds Protected?

Funds transferred to the Invest account (and held with FxPro UK Ltd) will also be covered by the Financial Services Compensation Scheme.

For UK residents, Stock Trading and Investing is offered by FxPro UK Ltd, authorised and regulated by the FCA as an investment firm. FxPro UK Ltd clients are eligible for compensation by the Financial Services Compensation Scheme of up to £85k, in the case that we are unable to fulfil our obligations to you.
For EU residents, Stock Trading and Investing is offered by FxPro Financial Services Ltd, authorised and regulated by CySec as an investment firm. Clients of FxPro Financial Services Ltd are eligible for the Compensation Scheme of up to €20k, in the case that we are unable to fulfil our obligations to you.

What Happens If Bnkpro Becomes Insolvent?

BnkPro Assets holds customers’ fund units segregated from any corporate assets. In the unlikely event of BnkPro becoming insolvent, your assets are held separately from any of BnkPro’s other corporate assets. Insolvency practitioners would not be permitted to use any of these assets to cover outstanding debts.

Internally, we keep detailed records of all our customers’ transactions. This information is reviewed and reconciled each business day. If BnkPro becomes insolvent, we would have clear records that show the amount of assets that belong to each customer. This would enable the insolvency practitioner to identify all assets that belong to you and make sure your assets are returned to you or transferred to a different provider.
We are also subject to an annual external audit; an external inspection to assess if we operate in line with the relevant regulations. We have nominated PwC to perform this annual audit.

All of this ensures the safety of your investment, guaranteeing its return in the event of BnkPro going bankrupt, alongside the added security offered through the strict segregation of our customers’ assets.

Contact us

Have enquiries? Our multilingual BnkPro experts are available to assist you 24/7. Get in touch for direct access the information you need, anytime.

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