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FX Primus Trust
The FXPRIMUS Trust (“The Trust”) has been created in order to provide an additional layer of asset protection
to the clients of FXPRIMUS Limited— an Online Forex Broker that offers traders a platform in which to trade
currency.
Funds held in Trust accounts are completely segregated from the assets of FXPRIMUS Ltd. These
funds are held by an independent custodian Trustee, NinetyEast Trustees (Mauritius) Limited.
The trust concept is firmly established in many countries around the world including most of the
leading offshore jurisdictions (international financial centres). This unique arrangement allows an
individual (the “Client”) to transfer assets to a third party (the “Trustee”) to be administered for the
protection of the Client’s assets strictly in accordance with the provisions of a document (the
“Declaration of Trust”). Any act or neglect on the part of the trustee which is not authorised or
excused by the terms of the Declaration of Trust is a breach of Trust. It is important to understand
that a trust does not have a legal personality of its own (whereas, for instance, a company or a
foundation does).
An international trust is generally very similar to a family trust, with the main variation being that
FXPRIMUS Ltd. setting up the trust, cannot be a trustee and has to appoint a professional trustee
resident in the country in which it wants the trust to be resident. Trading and decision rights still
remain the sole responsibility of the client as per their original trading agreement with FXPRIMUS
Ltd.
Each Client with secured assets in the Trust can withdraw available funds as per the terms
prescribed in the individual trading agreement with FXPRIMUS Ltd.
The Structure
Objective: To hold the assets settled by FXPRIMUS Ltd in a secure manner, for the protection of the
Client and to segregate client’s funds from the assets of FXPRIMUS Ltd. Use of the Trust account
will entitle a Client to receive confirmation of his asset protection held in custody and will grant him
access to a help desk support.
Overview of structure: The assets are held in an FXPRIMUS Trust account. The client will still
manage his or her assets as per his or her trading agreement with FXPRIMUS Ltd. Disbursements
from the Trust will only be effected upon an authorised instruction received from FXPRIMUS Ltd
payable to the Trader or the Client.
Notes
www.ninetyeastfinancial.com
This document does not provide a legal opinion. Professional advice should be obtained for establishing a trust.
NinetyEast Trustees (Mauritius) Limited is licensed by the Financial Services Commission in Mauritius as a Management Company.