How our clients are protected
Our clients have no company specific risk to us and are only exposed to the providers below. We have carefully chosen the market leading providers for bank accounts, trading platforms, execution, clearing and settlement services.
Our providers
ASX Limited
All ASX listed stocks and options are held on HIN and settled through the ASX's settlement system called CHESS which stands for the Clearing House Electronic Subregister System.
Pershing LLC (via D2MX)
Our Clearer and Settler, Pershing Securities Australia (a Bank of New York Mellon Company), is a Market Participant and the industry's largest provider of global clearing and settlement solutions. They provide over 75 years of experience, handle $1.5 trillion in global client assets and operate with $1.9 billion in net capital. The National Guarantee Fund (NFG) is a compensation fund that covers losses in certain categories related to activities of ASX Market Participants. In the event a participant becomes insolvent, the NFG is designed to deal with any losses. For more information see www.segc.com.au.
Macquarie Bank
Client funds are held in Macquarie Cash Management Accounts of which each client has a direct relationship with the bank. Macquarie Group is a top 20 ASX listed company with a market capitalisation of over $25 billion. They are the market leader for cash management accounts and have Government guarantee for aggregate amounts up to $250,000.
IG Markets
IG Markets handle all of our CFD trading requirements. IG are the leader in client money protection, as such, they only use their own funds for hedging client positions and segregates all client money into a AA-rated top tier bank account. Above and beyond the minimum ASIC requirements, IG also segregate all net unrealised profits. IG is not an investment bank and do not speculate on positions on the market. They have no exposure to corporate debt and are fully ASIC regulated.