HonorFX does not lodge retail client money towards margins with its hedging counterparties
HonorFX is regulated by the FSA.
HonorFX is authorised and regulated by the Financial Services Authority in Saint Vincent & the Grenadines.
When you open an account with HonorFX you are classed as a retail client, unless you receive notification of another status and explicitly consent to ‘title transfer’ of your funds to HonorFX .
Retail client money is held separately from HonorFX own funds so that under property, trust and insolvency law, client money is protected and therefore unavailable to general creditors of the firm, if the firm fails
In the event of Honorfx liquidation (known as primary pooling), retail clients would have their share of segregated money returned, minus the administrators’ costs in handling and distributing these funds.