Professional clients do not have their funds held in segregated client money accounts, like how retail clients do.
There is however a difference between segregated funds and the FSCS compensation scheme.
For professional clients, we do not segregate their funds in Segregated Client Money Accounts. We can't do this as we have to send the funds to our prime broker as margin for the higher leveraged professional client trades. In the event, there is an issue with Valutrades and the business needs to be wound up then this does mean only the retail clients with Segregated Funds get their money back from these funds and then Professional Clients would receive their funds only at the same times as any other parties Valutrades owed funds to.
Professional Clients providing they are Elective Professionals (like your account will be) DO get access to the FSCS. So in the very unlikely event, Valutrades had to be wound up if Valutrades was unable to return your funds you would still be entitled to claim compensation up to GBP 85,000.
So as an Elective Professional you would still have the same ultimate insurance up to GBP 85,000 just the process of receiving this would be longer than as a retail client who would have first access to the Segregated Funds speeding up the return of funds to them.
