What is Federal-Gold?
Federal Gold is an electronic currency that has a 100% reserve ratio at all times. What does that mean? That means that the value held in your Federal Gold account is mirrored in real currency or metals in the Federal Gold Reserve (find out more about the structure of Federal Gold here).
We have adopted a Corporate Compliance Model, which we provide to the Government of Vanuatu, and under which we are bound. It requires that we instigate and maintain an ‘external’ audit program conducted by a Registered Company Auditor to ensure our perpetual accordance with the 100% reserve ratio and adequate liquidity.
An Anti Money Laundering and Terrorist Financing Program (AML Program) is also in place to ensure we conform with both the licence and financial reporting requirements. The AML Program, along with our Terms of Service and Privacy Policy may be accessed via the ‘Legal’ link on the homepage.
Offering a complete online service, Federal Gold incorporates the provision of e-currency with payment service capabilities. Not only do account holders have complete access to facilities to send and receive multiple payment structures and types to anywhere in the world, along with asset protection, invoicing and checkout service, but they are all free to access.
You only pay for the services you use – no access fees, no ongoing account fees – only small service fees which are clearly displayed before you commit to any given transaction. Refer to the ‘Fees’ link on the home page for a complete schedule of applicable fees.
How do I open a Federal Gold account?
Quickly and easily, that’s how! Access the ‘Registration’ link on the home page and complete the form provided. By completing registration, you will be issued a DXProfile by our data management provider, DXSecurity.
Once your DXProfile has been established, you will have access to your account and will be able to link it to any authorized bank account. These accounts are those that you will fund your Federal Gold account from, and withdraw funds to at any time.
Federal Gold undertakes a Customer Due Diligence (CDD) process (see our AML Program for more details) which may require you to submit certain documents to verify your identity. You will receive prompts when you log into your account about what is required from you and how to submit such information to us. Some elements of the account may be restricted until we have completed the CDD process.
How can I be sure my information is secure?
Using state-of-the-art data protection facilities, your profile will be stored and managed by DXSecurity, ensuring that your valuable personal data and documents are safeguarded from hackers and identity thieves. DXSecurity have over eight years experience in storing and protecting a wide variety of data and not one provider-end breach has occurred.
The more people who have your details, the more places the details will be stored and therefore the likelihood that they will be stolen increases exponentially. In offering you the ability to store all of your details centrally – identity documents, credit card details, other personal information – you can be assured that this high-risk information is stored only in ONE place.
Allowing you to make payments to businesses and other individuals via the Payment Gateway means that those businesses and people never have access to your information – a concept quickly growing in popularity with online payment services.
We have undertaken numerous studies of other e-currency providers and payment services in the market and how they manage data. From this information we can offer a service that will not make the same, numerous mistakes of other issuers that have cost their customers dearly.
What can a Federal Gold account be used for?
A
Federal Gold account can be used in any way a regular bank account can be used – but on a world-wide scale:
Store money - Store money in a wide variety of currencies and metals, available and exchangeable instantly
Earn interest - Make gains by storing your funds in an alternate currency or precious metal
Make payments to creditors - Make payments to creditors instantly online, anywhere in the world
Send money to friends or family - Send money to friends or family online, instantly, anywhere in the world
Set up a direct debit - Set up a direct debit (subscription) with companies anywhere in the world
Send payments for goods or services - Send secure, escrow payments for goods or services
Request payments from debtors by giving them your account details - Request payments from your debtors by sending them an email with a fully configured payment link to make payment quickly and easily instead of your account details.
How can I fund my Federal Gold account?
Currently, there are only two ways for account holders to fund their Federal Gold accounts:
1. From your bank account
By using the ‘New Deposit’ function of your Federal Gold account, you can transfer any amount from your nominated bank accounts into the Federal Gold account.
Not all banks are able to be listed as authorized banks – if you are having difficultly listing your bank, please contact Federal Gold Support.
2. From another Federal Gold account
If you have one
Federal Gold account established with a positive value, you can transfer any amount from that account into your second Federal Gold account.
In offering these two methods, not only are your funds available in a very short time, our CDD processes are reinforced, as all authorized banks have similar processes, in addition to which usually include physical sighting of customers.
Although not currently in place, we are investigating the ability of accepting deposits via credit or debit card.
How is Federal Gold Structured?
DXSynergy - Federal Gold
Re: DXSynergy - Federal Gold
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