All client-deposited funds are held in a segregated client account with a top-tier Australian bank (Westpac Bank). These funds are NOT used for hedging purposes, meeting the trading obligations of other customers or any other business dealings.
Client Money – Key Points
All client money is held at Westpac Bank, an Australian authorised deposit-taking institution.
All client money is segregated from any accounts used to hold TD365’s money but is co-mingled with other clients’ money as permissible by the Corporations Act.
Client money is required to meet margin requirements but margins are not transferred out of the segregated bank account to fund open positions.
Client money is not used to meet any of TD365’s margin requirements.
TradeDirect365, as a trading name of Finsa Pty Limited, is licensed by ASIC (AFSL Number 422661) and complies with client money regulations.
