answersLogoWhite

0

DuraMarkets asserts that it maintains a strict policy of segregating client funds from company assets, ensuring that client funds are held in separate accounts exclusively for clients' benefit. citeturn0search0 Additionally, the broker indicates that client funds are stored in segregated cold wallets, separate from company funds, to enhance security. citeturn0search3 However, the effectiveness of these measures cannot be independently verified, and the lack of clear regulatory oversight raises concerns about the actual safeguarding of client funds.

User Avatar

Jacob

Lvl 7
6mo ago

What else can I help you with?

Related Questions

Are there any hidden fees such as inactivity fees or account maintenance fees at Duramarkets?

No, DuraMarkets does not impose inactivity or account maintenance fees on its clients. Clients are not obligated to maintain a specific balance to keep their accounts open and operational. citeturn0search1 However, clients should be aware that while DuraMarkets does not charge fees for deposits or withdrawals, wallet providers may apply network fees for transactions, which are the client's responsibility.


What is client server security threat?

bharat choudhary


What is a report showing the balances on accounts owed by client called?

balance sheet


What are the functions of bankers?

A banker will look after the client best interest as to what kind of accounts the client requires, how the money is to be put in the best accounts for the highest yield of interest, looks after loans and mortgages, and keeps a finger on the pulse of the economy.


What is the most secure IM client available?

Many modern instant messaging clients offer a vast array of security available and built in. However for a instant messaging client that is tailored towards security the oneteam website offers a client which is advertised as having server to client encryption.


What is a CommSec Client ID?

A CommSec Client ID is an eight digit code given to the costumers of the company which allows them to view their all of their different CommSec accounts .


What is the biggest benefit of investing in a Cisco VPN Client?

The benefits of Cisco VPN Client is that is provides users with security and remote access. It aims to help companies manage security risks of networks that are borderless.


What are the different accounts in a call center?

In a call center, different accounts typically refer to various client contracts or services that the center manages. These can include inbound accounts for customer service, outbound accounts for sales or telemarketing, technical support accounts, and accounts for specific industries like healthcare or finance. Each account may have unique protocols, scripts, and performance metrics tailored to the client's needs. Additionally, accounts can differ based on the channels used, such as voice, email, chat, or social media.


What does the term accounts receivable?

Accounts receivable is money that a client owes to a company. The company bills the client detailing the cost and nature of the goods acquired or services rendered on the clients behalf. It is not, however, a term used to describe debts, which are called notes receivable.


Asset under administration?

Assets under administration is when a bank or other firm maintains and accounts for the funds of a client. The client is in control of the money that is being managed by the bank.


What are the functions of Microsoft Forefront Client Security?

Some of the main functions of Microsofts Forefront Client Security are the real time monitoring of ones network from malware, virus and other forms of attack. It also prodives advice on internal security regarding blank passwords.


What does the term accounts receivables mean?

Accounts receivable is money that a client owes to a company. The company bills the client detailing the cost and nature of the goods acquired or services rendered on the clients behalf. It is not, however, a term used to describe debts, which are called notes receivable.