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ASIC Regulatory Benchmark Disclosure

ASIC has developed 7 disclosure benchmarks for over-the-counter derivative providers to help retail investors understand the risks associated with Forex and CFD products, assess their potential benefits and decide whether investment in these products is suitable for them.

The table below sets out which benchmarks we meet and how we meet and address them. Please note it is a summary only and should not be relied upon solely. You should refer to our PDS for more detailed information.

BenchmarkMeet Benchmark?Related Information
Client QualificationYesEightcap maintains and applies a Client Qualification policy to ensure all prospective clients have appropriate experience in, or knowledge and understanding in derivative products.

Further information can be found in section 8 of the PDS.
Opening CollateralYesIt is suggested that a limit of $1,000 be accepted for opening payments made by credit card. Eightcap accepts credit card payments for more than $1,000 as initial funding in order to provide flexible payment options to clients.

Further information can be found in section 8 of the PDS.
Counterparty Risk – HedgingYesEightcap maintains and applies a written Counterparty Hedging policy to manage its exposure to market risk from client positions.

Further information can be found in section 5 and 6 of the PDS.
Counterparty Risk – Financial ResourcesYesEightcap maintains and applies policies to ensure it meets all financial regulatory obligations including the requirements of an Australian Financial Services Licensee.

Further information can be found in section 5 & 6 of the PDS.
Client MoneyYesEightcap has a detailed Client Money policy and does not use client money for any business purposes.

Further information can be found in section 5, 6, 8 & 9 of the PDS.
Suspended or Halted Underlying AssetsYesEightcap does not allow new positions to be opened when the underlying market is halted or suspended.

Further information can be found in section 8 of the PDS.
Margin CallsYesEightcap maintains and applies a clear written policy in relation to margin call practices and its discretion to close-outs.

Further information can be found in section 5, 6 & 9 of the PDS.