How do I know my funds are safe?
How do I know my funds are safe?
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Inappropriate?There are several reasons why your funds are safe with the Exchange:
• Intrade is a registered Republic of Ireland company that operates in full accordance with Irish and European Union business law.
• All member funds (including yours) are held in a segregated account with National Irish Bank, one of Ireland largest banks. This segregated account is completely separate from the Intrade’s own reserves and operating accounts.
• The Exchange is safer by design. If the Dow Jones crashes the New York Stock Exchange does not go bankrupt, and in the same way Intrade doesn’t lose money when an unusual result arises. When you trade we freeze the amount of funds required to cover your potential loss, which is then transferred to the member on the other side of your trade as profit in the event that you do lose. Therefore, all potential losses are therefore covered and all potential winnings are provided for
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