OT Capital Australia ("OTCapital") is a registered trading name operated by OT Markets Pty Ltd (ACN 621 714 181).
OT Markets PTY is a Corporate Authorized Representative (“Authorized Representative”) number (001258906) of AGM Markets Pty Ltd (ABN 87 158 706 766, ACN 158 706 766) a duly licensed Australian Financial Services License (AFSL) Number 422662.
Any financial product issued to clients of OT Markets is issued by AGM Markets as the holder of the AFSL. AGM Markets acts as principal when dealing with clients with respect to CFD and other derivatives.
Segregation of Clients Funds
In accordance with the Corporations Act 2001 Commonwealth, all clients’ monies are held in a segregated trust account with an Australian authorised deposit-taking institution under the control of AGM Markets as the AFSL holder. The account is designated as trust accounts and clients ‘funds are segregated from AGM Markets’ own funds. The trust account holds in aggregate all of the clients’ funds and it is not an individual client’s trust account.
The Corporations Act permits money held in a client account to be used for the purpose of meeting obligations of the clients of OT Markets and AGM Markets in taking positions and CFD.
Client’s obligations and liabilities can arise in connection with payment of margins or losses and closing off positions.
It should be made clear that the segregation of your money in an AGM Market trust account does not protect your money from the risk of loss in relation to CFD positions you have taken.
The segregated AGM trust account is held with the Commonwealth Bank of Australia.
Further details in relation to the monies held on trust can be found in OT Capital's product disclosure statement.
ASIC is the Australian Securities and Investment Commission. ASIC is an Australian financial service regulator and the body responsible for consumer protection in financial services.
ASIC supervises the conduct of financial markets in Australia making sure they operate honestly and transparently.
ASIC is an independent governmental body mandated under the Australian Securities and Investments Commission Act. For further information please visit www.asic.gov.au