Custodianship of Funds for all of OpenTradeFX's clients are under FX High Summit (FXHS). FXHS is an unregulated forex brokerage operating in Ireland.
FXHS has $4.2 Million in customer funds, as of 8.24.2010, and an average client turnover of 3 Billion a month in FX Volume.
Banking
FXHS uses Ulster Bank, a subsidiary of Royal Bank of Scotland. For US deposits, FXHS uses Harris Bank, a subsidiary of the Bank of Montreal.
About Ulster Bank
Ulster Bank (Irish: Banc Uladh) is a large commercial bank, one of the Big Four in both Northern Ireland and the Republic of Ireland. Its main base is in Belfast, in Northern Ireland, and it maintains a large sector of the financial services in both the UK and the Republic of Ireland as well as having operations on the Isle of Man. The bank is a subsidiary of the Royal Bank of Scotland Group, has nearly 100 branches throughout Northern Ireland and is headquartered in Donegall Square East, Belfast.[1]
