OMF Markets Risk Disclosure

 

 

Before you apply to open an account with OMF Markets, you must carefully consider whether trading the particular financial product is appropriate for you in light of your circumstances and financial position. You should not trade unless you understand the nature of the contract and the extent of your exposure to risk.

General Advice Warning

This has been prepared for general information only and is not intended as advice. The information contained on the website, Application Forms and Disclosure documents has been prepared without taking into account any persons objectives, financial situation or needs. OMF Markets recommends you seek independent advice from your financial adviser, accountant and/or tax agent.

Local Regulatory Restrictions

This website can be accessed worldwide. The information provided is however only intended for use by, any person in any country where such use would not be contrary to local law or regulation. None of the products and services referred to on this website is available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is your sole responsibility to ascertain the terms of and comply with any local law or regulation to which you are subject.

Regulatory risks

Limitations of ASIC regulation

OMF Markets holds an Australian Financial Services licence (AFS licence) issued by ASIC and is required to meet certain regulations.
You should be aware that:

  • licensing and regulation does not imply endorsement by ASIC;
  • does not protect you from investment loss; and
  • does not mean that you should disregard the risks involved in trading in retail OTC derivatives.

OMF Markets is part of a corporate group. OMF Markets’ AFS licence and Australian regulation only covers the financial services provided in Australia and does not necessarily cover services provided by other members of the corporate group.

AML/CTF requirement

OMF Markets is committed to meeting the regulatory requirements for Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF). To comply with these requirements we may:

  • require you to provide to us, or otherwise obtain, any additional documentation or other information;
  • suspend, block or delay transactions on your account, or refuse to provide services to you;
  • report any, or any proposed, transaction or activity to any body authorised to accept such reports relating to AML/CTF or any other law.

Privacy policy

Account set-up cannot be completed until the information you have provided has been verified. The information OMF Markets collects on this form will be used to process your application and provide services to you. This information will be disclosed to our service providers acting on our behalf and other members of the corporate group, including those located in other jurisdictions where privacy laws may not offer the same protections. You can view our privacy policy here.

Other legal risk

Australia is a member state of the United Nations and must implement United Nations Security Council sanctions. It may also implement other international sanctions and impose sanctions of its own. Sanctions can cover various subject matters including financial restrictions, which may have the consequence of meaning we can’t deal with certain persons, entities or currencies. This means that if we become aware that you are such a person or entity, then we may be required to suspend, cancel or refuse you services or close or terminate any account, facility, transaction, arrangement or agreement with you. This may be at a significant cost to you.

Questions? Get in touch and we can help

 

 

 

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