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How safe is my money?
Your money is always held in your own name at your choice of Stock/Commodities Broker or with CDC in your own name (in-case you are a Stock Investor). If you are commodities investor then also your account with be held in your name at all times, at your own choice of broker whether local or international.
Shaikh Financial Services does not take delivery of any assets or securities. Proper control and safety of assets is provided and maintained by reputable brokerage companies or by having assets held by custodian (CDC, NCCPL, PMEX, etc).
All of your assets are always held in your name with a brokerage company or with a Bank or trust company. Shaikh Financial Services holds no customer assets in its name. You give us only a limited trading authority that allows us to complete authorized changes in your account(s).
While you grant us Limited Power of Attorney (LPOA) to execute transactions on your behalf, you remain in control of your assets at all times.
For in-depth details, schedule an appointment with us.