As a CMC Pro client, you are not entitled to certain protections afforded to retail clients. This means CMC Markets is no longer required by law to provide you with the same rights and treatment as a retail client.
This includes:
We are not required to provide you with a PDS, FSG or any other document CMC is ordinarily required to give a retail client;
Derivatives retail client protections under s981D(2) of the Corporations Act are not available;
​We are not required to provide you with access to our internal dispute resolution scheme. You may also be excluded from access to the external dispute resolution scheme through the Australian Financial Complaints Authority (AFCA), at AFCA’s discretion.
Despite this, CMC Markets will continue to provide all relevant disclosure documents as required to be provided under the Corporations Act. CMC Markets will also hold wholesale client funds in a segregated client money trust account which meets and exceeds the requirements of the Australian Client Money Rules and ASIC Regulatory Guide 212.
To find out more about CMC Pro click here.