Corporate News

01 Feb, 09:27

Client Notification - Enhancing methods of safeguarding client funds

Enhancing methods of safeguarding client funds

Top Markets Solutions Ltd* operating as TeleTrade Europe (hereinafter the “Company” or “we”) is a duly licensed and regulated broker that is held to the highest standards of safety and security within the financial services industry.

To this end, we always strive to find ways to mitigate risks in order to enhance investor protection and safeguard Clients’ assets in the best possible way.

In order to lower our credit risk, in addition to holding client funds with highly respected credit institutions, we will be holding client funds in Qualified Money Market Funds (QMMFs).

A QMMF is designed to be a safe place to keep your cash as it is subject to higher regulatory scrutiny and meets higher quality standards as set by MiFID II and the MMFR regulation.

We intend to be placing funds in some of the largest and well-established QMMFs in the world, managed by leading fund managers, and rated by the world’s leading credit-rating agencies.

On Monday February 5th, 2024, you will see a notification on your personal page, asking for your consent to place your funds in QMMFs.

For those who consent, there will be no impact whatsoever on your trading and the business relationship.

It is important to note that when placing your money in a QMMF, it will not be held as client money in accordance with the requirements for safeguarding client funds as set out in MiFID II and CySEC Directive DI87-01. However, funds placed in a QMMF are subject to strict regulatory standards of safety, as what is known as “safe custody assets” and are held in a segregated clients’ account.

As always, your funds remain instantly available for withdrawal or investing.

When consent is not provided, we regret to inform you that the Company will not be able to continue to provide its services to you. Please note that we will notify you of the termination of the business relationship that was established between you and the Company.

*In accordance with CySEC Circular C108, please be informed that the previous name of Top Markets Solutions Ltd was TeleTrade-DJ International Consulting Ltd.

01 Feb, 09:29

Dear clients, Please be informed that we have updated our Client Agreement. The updates will take effect starting February 5th, 2024 (the “Effective Date”). Below you can find a summary...

01 Feb, 09:27

Enhancing methods of safeguarding client funds Top Markets Solutions Ltd* operating as TeleTrade Europe (hereinafter the “Company” or “we”) is a duly licensed and regulated broker...

23 Jan, 10:24

Dear Clients, Please view the following changes to trading sessions of the below CFD instrument due to the upcoming Australia Day. Changes to trading sessions on January 26, 2023 Asset...

10 Jan, 09:43

Dear Clients, Please view the following changes to trading sessions of the below CFD instruments on Monday, January 15, 2024, due to Martin Luther King Jr. Day in the USA: Asset...

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This website is operated by Top Markets Solutions Ltd which is registered with the Department of Registrar of Companies and Intellectual Property of the Companies of the Republic of Cyprus as a private limited company with registration number HE272810 and is authorized by the Cyprus Securities and Exchange Commission ("CySEC") to act as a licensed Cyprus Investment Firm ("CIF") with license number 158/11. Top Markets Solutions Ltd operates in accordance with Markets in Financial Instruments Directive (MiFID).

In accordance with CySEC Circular C108, please be informed that the previous name of Top Markets Solutions Ltd was TeleTrade-DJ International Consulting Ltd.

The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. Top Markets Solutions Ltd ("the Company") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall the Company have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

The Company cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.

The Company currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime. The Company does not provide its services to residents or nationals of the USA.

Please read our full Terms of Use.

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Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64.90% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade Europe strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64.90% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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