Taxpayer bailouts

In an unprecedented move, the Treasury has agreed to extend the guarantee in place for existing customer savings to all new deposits. Any individual will now be able to place millions of pounds with the bank, safe in the knowledge that the money has a 100pc Government guarantee.
The news saw Northern Rock shares jump more than 10pc to 193p in morning trading.
No other UK high street bank can offer protection for anything above the first £35,000 of a customer's deposit under the current financial services compensation scheme arrangement.

Northern Rock has agreed to "pay an appropriate fee for the extension of the guarantee to ensure that it does not receive a commercial advantage".

The fee will be calculated as a percentage of all new customer deposits made at the bank. On top of the "commercial advantage" fee, Northern Rock is paying "£40m-£50m in the period to December 31" to cover the Government's advisory costs as well as its own. The measures are expected to help see off suggestions that the bail out equates to state aid, prohibited by the EU.
In addition, the bank has also been given new terms for its Bank of England facility that will make it easier to borrow. These will "enable the company to borrow through the Bank of England on a secured basis against all of its assets... [and] allow Northern Rock to continue to pursue the full range of its strategic options".

[SigmaForex Funding Methods]

Safety of funds plays an important role in any type of business; we make our best efforts to ensure protection of customers’ money.

Minimum deposit required for funding new accounts:
Our accounting department is ready to help you fund your new account or add funds to an existing account. For Standard Dealing Desk Accounts the minimum deposit is $ 500, and for the No Dealing Desk Accounts the minimum deposit is $ 2000.
Deposit instructions:
You must open a web account and associate it with your live account to insure security of transactions in your account

How to do so?
1. Open web account
2. Login and associate your Live Trading Account with your Web Account
3. Login to your Web Account and click 'Make a Deposit"

Deposit methods
1- Bank wire transfer
A wire transfer is a transfer of money from one bank account to another. The actual transfer is done by the bank, and neither the sender nor the recipient of the money sees or touches the actual funds.
Deposit Time
1-5 business days SigmaForex does not guarantee deposit times in the event of a margin call

Fees
None
SigmaForex will not be held responsible for charges or fees assessed by going through an intermediary bank.
Withdrawal Eligibility
Immediate availability

Restrictions
The account holder name of the funds must always match the name listed as the customer on the trading account.
2- E-gold payments
Open www.e-gold.com- Create new e-gold account - Issue transfer request from your e-gold account to SigmaForex e-gold account.
Deposit Time
Immediate deposit SigmaForex does not guarantee deposit times in the event of a margin call
Fees
None
SigmaForex will not be held responsible for charges or fees assessed by going through an intermediary bank.

Withdrawal Eligibility
Immediate availability
Restrictions
The account holder name of the funds must always match the name listed as the customer on the trading account.

You do not have an account yet?
Open Live Account