The products or services outlined herein are only available for professional clients. Spread best and CFDs and other restricted speculative investments are leveraged products and therefore run the high risk of losing money rapidly. Negative balance protection is not available to professional clients.
To obtain the status of Professional client, an individual would be required to demonstrate relevant trading experience in the relevant products with such trading activity being of a certain size. In addition, a professional client would have to demonstrate experience of working within the financial services sector for at least one year in the relevant position and have a personal investment portfolio worth of 500,000 Euros.
By clicking “I classify as professional investor” you are confirming that you qualify as a professional client. Evidence that an individual or corporate meets the criteria of a Professional client may be required.
As COVID-19 (the coronavirus) continues to impact the global community, we want to assure you that during these volatile market conditions your assets and cash held with ITI Capital continue to be protected under CASS rules. As a firm, ITI remains well capitalised. In addition, we are doing what we can to continue providing you with the service you require from us.
In the build up to the recent events, ITI began implementing a multi staged BCP plan for all our critical functions globally. Based on guidelines from regulators and global health authorities, we have taken a number of steps to ensure business continuity and help halt the spread of COVID-19.
As ITI is a digital business, we have taken advantage of our investments in technology so that employees can work remotely in a safe and effective way. We have been coordinating efforts with our partners and suppliers so that the running of our platforms will not be impacted.
As part of our third-party impact assessment at this time, we have been advised by our bankers that any funds received in the form of cheque, is likely to be delayed and/or may not be settled. Therefore, for us to continue you to provide you with the highest level of support within our daily operations, we strongly suggest we use electronic fund transfers to send in any money you wish to be applied to your account. We have also instated strict travel policies and instructed all employees in how to conduct both external and internal meetings through digital tools.
As this is an unprecedented time for all of us, and the situation continues to evolve each day, we will continue to follow the situation closely, and update our approach and measures as required.
Scam letters to SVS clients from clone firm
Please note this as an urgent notification about a fraudulent letter you may have received/may receive.
It came to our attention that a clone firm has been sending letters to our clients (ex-SVS clients) using ITI Capital Ltd name and branding.
The letter lists a telephone number that is unrelated to ITI Capital and asks the client to provide an issued TRLAN (Trade Reference License Agreement) number and Case Reference Number. Upon contacting the number, the individual on the other end of the phone demands £2,000 be sent to them.
If you received any such letters, please ignore it and do not contact the number provided in the letter or disclose any information.
Please click here to see the guidelines on the distinction between our firm (FCA regulated) and the clone/scam firm.
If you have any questions or you are unsure whether a communication is genuine or from a scam firm, please contact us on firstname.lastname@example.org or call 020 7562 8001.
ITI Capital Team
SJS LEGAL LIMITED
On 25 November 2020, ITI Capital Limited (“ITI”) agreed with the Financial Conduct Authority the acceptance of certain voluntary requirements (the “Requirements”) to the Firm’s existing permissions. The Requirements address ITI’s relationship with SJS Legal Limited (“SJS”) and set out (a) certain actions that ITI has agreed to take, and (b) certain clarificatory information that ITI has committed to provide to ex SVS Securities Plc (in Special Administration) (“SVS”) clients (“Relevant Clients”), and which is to be read in addition to the “Frequently Asked Questions” section already available on our website.
Under the terms of the Requirements and as of 25 November 2020, ITI has agreed the following:
For further information please contact email@example.com.
A message to ex-SVS FX customers:
We have now sent out welcome emails to all ex-SVS FX customers. If you have not received your welcome email, please get in contact immediately with our ITI Markets team via email at firstname.lastname@example.org or via phone on +44 (0) 207 562 8005.
We would like to remind all SVS clients, that no matter where you are in the account registration process or if you don’t have full access to the Phoenix platform, please call the Dealing team at 0207 562 8001 or email us at email@example.com and we will be glad to assist you by placing trades for you over the phone at the online rate.
Important information for SIPP accounts and accounts with no email addresses:
ITI has set up an additional helpdesk for SIPP clients and accounts without email addresses.
For Clients with SIPP accounts, these help desk details will be provided to you shortly via email and have also been communicated to your Trustees:
The purpose of this desk is to provide additional support with a key focus on the following tasks:
We would also like to make you aware that all withdrawal requests should be sent to the detailed email address going forward and we will only act on instructions from the SIPP Trustee.
For clients without email addresses, ITI has instructed the send of postal letters with the relevant details and this should be with be with you over the course of next week.
We thank you for your continued patience and we look forward to serving you as a customer.
ITI Capital is fully aware of its responsibilities in safeguarding client assets and the importance of onboarding new clients efficiently. Unfortunately, ITI has suffered certain technical problems during this on boarding process which has caused delays and regrets the anxiety and inconvenience this may have caused to those clients who tried to access their accounts. ITI is working hard to resolve these issues as quickly as possible and to increase staffing levels to support the higher call volumes from affected clients caused by the initial technical challenges.
We would like to make it clear that all assets, cash and investments are completely safe. The issue is one of data reconciliation not one concerning location of the assets, cash and investments. We are seeking to ensure all new accounts are reconciled as soon as possible. We are providing the FCA with regular updates and such information as they may require and are working round the clock with, our service providers to ensure that the problems with onboarding and reconciliation are quickly addressed.
We would also like to thank clients for patience whilst we complete the migration process and will keep providing regular updates to all our customers. As previously communicated to SVS customers, they have the ability to call in and place orders over the phone with Dealers and ITI will honour the online rate. ITI will now place trades for all customers over the phone, subject to call-handling times during volatile markets, regardless of the status of the client’s registration. The client will be required to validate their personal information before the trade instruction is accepted.
Fraudsters claim to be from a legitimate firm authorised by FCA. Fraudsters look for new ways to scam consumers, but one scam increasingly reported to us and to the FCA involves share scammers pretending to be from a regulated firm, who are authorised by FCA.
These scammers typically cold-call investors to promote shares, property or other investment opportunities that are non-tradable, worthless, overpriced or even non-existent.
A new tactic has seen fraudsters using the name, ‘firm registration number’ (FRN) and address of firms and individuals authorised by us to suggest they are genuine
This is what we call a ‘clone firm’.
ITI Capital Limited does NOT make unsolicited cold calls!
If you are offered unsolicited investment advice, discounted shares, a premium price for shares you own, or free company or research reports, you should take these steps before handing over any money:
To reduce the chance of falling victim to investment fraud, the FCA advises consumers to, at the very least:
1.Reject unsolicited investment offers whether made online, on social media or over the phone.
REPORT A SCAM
If you are approached about a share scam you should tell the FCA using the Share Fraud Reporting Form, where you can find out about the latest investment scams. You can also call the FCA Consumer Helpline on 0800 111 6768.
If you have already paid money to share fraudsters you should contact ActionFraud on 0300 123 2040 or use the ActionFraud Online Reporting Tool. For the latest information on coronavirus-related fraud you can follow Action Fraud on Twitter.
More detailed information on this or similar activity can be found on the FCA web site.