Prime Foreign Exchange has a duty to their clients to conduct business in a fair and transparent manner.
The firm ethos is to comply with the following obligations:
Transparent all inclusive exchange rates
Safeguarding of all clients' funds in a UK based segregated client accounts with RBS or Barclays
No action is taking without prior agreement with the client.
Security of client funds
To Prime Foreign Exchange the security of clients' funds is of paramount importance.
We are dedicated in providing a level of security that ensures that client funds are safe throughout the process. No actions are taken without prior agreement with the client.
All client funds are kept in a segregated client account with Royal Bank of Scotland and Barclays Bank UK. The account is operated by our clearing partner that is registered and authorised by FCA.
Prime Foreign Exchange complies fully with the Data Protection Act 1998, which protects customers against the misuse of personal data held across both manual and electronic records. The Act requires that any personal data held should be:
Processed fairly and lawfully
Obtained and processed only for specified and lawful purposes
Accurate and up-to-date
Held securely and for no longer than is necessary
Not transferred to a country outside the European Economic Area unless there is an adequate level of data protection in that country
The Company will review the nature of the information being collected and held on an annual basis to ensure there is a sound business reason for requiring the information to be retained.