How it works
The exact protections depend on the jurisdiction, legal entity and account structure. Segregation can reduce misuse risk but does not make all insolvency outcomes identical.
What to check
Check the regulator's rules and the broker's client-money disclosure. Look for the legal entity holding the account and any exclusions for particular products or customer categories.
- Verify the entity and jurisdiction
- Read client-money terms
- Separate segregation from compensation schemes
Limits and risks
Segregation is an operational safeguard, not a guarantee against market loss or every form of firm failure. Compensation arrangements, if any, are separate.
Primary sources
BIS 2025 Triennial Central Bank Survey↗FCA: Contracts for difference (CFDs)↗General information only. Investment products can lose value, and terms, fees and regulation can change.