Licence & Regulations
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As an AFSL holder, we adhere to stringent financial requirements set out by ASIC.
Primarily, we are obligated to fulfill strict capital requirements, employ and comply with nationally set standards and procedures including risk management and regular staff training, and undertake a detailed annual audit performed by an independent auditor to ensure compliance.
To ensure we meet and maintain our financial needs at any time, we continually identify, monitor and control every type of risk associated with our operations including assessing the effectiveness of our policies, arrangements and procedures in place. Our staff also have a wealth of experience and knowledge about the industry and are trained to exacting standards on an ongoing basis.
What is ASIC?
The Australian Securities and Investment Commission (ASIC) is an independent Commonwealth government body responsible for administering and enforcing various laws as Australia’s corporate, markets and financial services regulator. It is established under the Australian Securities and Investments Commission Act, carrying out most of its work under the Corporations Act.
Whilst ASIC is a robust regulator, please note that it does not endorse specific companies or products.
Your Money with Us
The security and safety of your money are of utmost importance to us. In accordance with the Australian Client Money Rules and ASIC Regulatory Guide 212, all of our client funds are maintained and managed safely on trust in segregated bank accounts with a Tier-1 Australian Authorised Deposit-Taking Institution – the National Australia Bank, and are held completely separated from our business and operational funds
In addition to holding your funds in segregated accounts, and in order to further enhance the security and safety of your money, we have also signed a professional indemnity insurance policy with a carefully selected, first-rate insurance agency at no extra cost to you.
In compliance with ASIC, we have a thorough annual auditing procedure – applied by in-house compliance teams and an independent, external auditor to ensure capital adequacy and to monitor all operations, client funds security and deposit/withdrawal procedures. We also perform daily client money reconciliation in accordance with the regulatory requirements, to ensure that funds held on trust accurately reflect retail client assets.
Be a Smart Trader
Choosing a trusted and regulated financial services provider is the first step in managing your trading risk. To ensure you’ve selected the right trading partner, you should consider not only the company’s trading conditions but also, most importantly, confirm that its operations comply with the relevant country’s legal requirements and with internationally recognized financial standards.
Before you enter into any agreement with us, we highly recommend that you read our Regulatory Benchmark Disclosure, designed by ASIC to help you understand the risks associated with financial derivative products, assess your potential benefits and decide whether investment in such products are suitable for you.
Our PDS and FSG are also available for you to download from this website.