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Australia
2018 (8 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Australian Financial Complaints Authority
Company Information
Get to know Australian Financial Complaints Authority
The Australian Financial Complaints Authority (AFCA) is a non-government ombudsman service that provides dispute resolution for consumers and small businesses with unresolved complaints about financial firms. Established on 1 November 2018, AFCA replaced three predecessor schemes: the Financial Ombudsman Service, the Credit and Investments Ombudsman, and the Superannuation Complaints Tribunal. It is a company limited by guarantee, authorised by the Australian Government, and its services are free for complainants. AFCA's mission is to resolve financial disputes in a fair, independent, and efficient manner, thereby improving standards and practices in the financial services industry.
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