CMG mission is to always put emphasis on quality of service with integrity as the broker of choice.
Safety of Client Funds
All client funds we receive are held by AxiTrader in accordance with and subject to Part 7.8 of Division 2 of the Corporations Act and ASIC Regulatory Guide 212: Client money relating to dealing in OTC derivatives. Where required, client funds will be paid into a trust account maintained by us with an authorised deposit- taking institution (ADI).
Clients should take care to understand that our holding of client monies in one or more Segregated Accounts does not afford them absolute protection and that in the event of CMG becoming insolvent clients become unsecured creditors. A further discussion on this topic is available in section 7 of the Product Disclosure Statement and section 20.6 of the Client Agreement.
Client funds are currently held in Client Segregated Trust Accounts with the following Banks:
National Australia Bank Limited
CMG is a registered and regulated brokerage. As a regulated broker, CMG is required to segregate all client funds in a separate bank account.
Client funds are kept separate from CMG’s operational funds and untouched, ensuring protection of client funds at all times.
CMG’s established partnership with top-tier one banks ensures extra layer of fund security.
Encryption technology is implement to guarantee a secure connection to extend protection of client information and their transactions.
CMG is committed to providing complete transparency. As a regulated broker, we meet strict financial requirements and are required to report periodically to our regulators.
In the unlikely event of CMG not being able to uphold its financial obligations, you as a client of CMG can submit a claim for your funds.
Level 10, 90 Arthur Street,
North Sydney NSW 2060, Australia
Risk Warning: CMG Australia Pty Ltd (ACN 618 480 998 & CAR No. 001256635) ‘CMG’, is a corporate authorised representative of AxiCorp Financial Services Pty Ltd (ACN 127 606 348 & AFSL No. 318232). Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. You could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial asset. CMG is not a financial adviser and all services are provided on an execution only basis. CMG is authorised to provide general advice only and information is of a general nature only and does not take into account your financial objectives, personal circumstances. CMG recommends that you seek independent personal financial advice. A Product Disclosure Statement (PDS) for our financial products and our Financial Services Guide (FSG) are available at www.cmgau.com or can be obtained free of charge by calling CMG. The PDS and FSG are important documents and should be reviewed prior to deciding whether to acquire, hold or dispose of CMG’s financial products or services. The information on this website is for Australian residents only.