MONEY SAFETY
At GPP markets we make sure that all your funds are kept separate from our operational accounts in a separate client funds account. We have client trust accounts (in USD and NZD) with ANZ Bank. We are regulated by the Financial Markets Authority to issue derivatives (FSP509766) and, therefore, comply with all applicable Financial Markets Legislation, including the New Zealand client money regulations.
As a Client are my funds segregated?
As we are regulated and authorised by the FMA we comply with all applicable Financial Markets Legislation. We exceed the requirements of the Legislation and keep separate client money from our operating money. By keeping your money separate we can ensure that, if we were to become insolvent, your funds will be returned to you.
How are my funds segregated?
Funds deposited by clients will usually be received by us in a segregated trust bank account at the ANZ Bank. If we receive funds via another method (e.g. credit card) then we will transfer the amount in the client trust account. We perform daily client money reconciliations in accordance with the Legislation and this ensures that funds held in segregated bank accounts matches client’s assets.
Where does GPP Markets hold segregated client money?
We use ANZ Bank to hold segregated client money. ANZ Bank is the largest bank in New Zealand and is one of the leading banks in the Asia-Pacific region. We regularly review the market to ensure that client funds are safe.
Are there any audits and controls in place to further safeguard my funds?
Internal and external audits and reviews are undertaken to ensure we comply with all legislative requirements.
What would happen to my money if GPP Markets goes into liquidation?
In the unlikely event of GPP Markets’ liquidation, client funds which are held in our client trust accounts would have their share of money returned, minus the administrators’ costs in handling and distributing these funds.
As we are regulated and authorised by the FMA we comply with all applicable Financial Markets Legislation. We exceed the requirements of the Legislation and keep separate client money from our operating money. By keeping your money separate we can ensure that, if we were to become insolvent, your funds will be returned to you.
How are my funds segregated?
Funds deposited by clients will usually be received by us in a segregated trust bank account at the ANZ Bank. If we receive funds via another method (e.g. credit card) then we will transfer the amount in the client trust account. We perform daily client money reconciliations in accordance with the Legislation and this ensures that funds held in segregated bank accounts matches client’s assets.
Where does GPP Markets hold segregated client money?
We use ANZ Bank to hold segregated client money. ANZ Bank is the largest bank in New Zealand and is one of the leading banks in the Asia-Pacific region. We regularly review the market to ensure that client funds are safe.
Are there any audits and controls in place to further safeguard my funds?
Internal and external audits and reviews are undertaken to ensure we comply with all legislative requirements.
What would happen to my money if GPP Markets goes into liquidation?
In the unlikely event of GPP Markets’ liquidation, client funds which are held in our client trust accounts would have their share of money returned, minus the administrators’ costs in handling and distributing these funds.
Trading CFDs may not be suitable for everyone as they are high risk financial product. Please ensure that you understand the risks involved. A Product Disclosure Statement can be obtained here and should be considered before trading with us.
GPP Markets is also a member of an independent dispute resolution scheme the Financial Services Complaints Limited (“FSCL”) our membership number is 6397. This is approved dispute resolution scheme under the Financial Service Providers (Registration and Dispute Resolution) Act 2008.
GPP Markets Ltd is a company registered in New Zealand (NZBN 9429042010807) located at Level 21 191 Queen Street, Auckland; PO Box 5382, Wellesley Street, Auckland.Phone: +64 9 281 2012 email: info@gppmarkets.com. GPP Markets Ltd is a registered Financial Service Provider (FSP509766) and holds a Derivative Issuer Licence issued by the Financial Markets Authority.
GPP Markets is also a member of an independent dispute resolution scheme the Financial Services Complaints Limited (“FSCL”) our membership number is 6397. This is approved dispute resolution scheme under the Financial Service Providers (Registration and Dispute Resolution) Act 2008.
GPP Markets Ltd is a company registered in New Zealand (NZBN 9429042010807) located at Level 21 191 Queen Street, Auckland; PO Box 5382, Wellesley Street, Auckland.Phone: +64 9 281 2012 email: info@gppmarkets.com. GPP Markets Ltd is a registered Financial Service Provider (FSP509766) and holds a Derivative Issuer Licence issued by the Financial Markets Authority.