proposed changes to cfd legislation, page-8

  1. 9,485 Posts.
    lightbulb Created with Sketch. 1
    sputnick how does FP hedge your position if they don't trade against u using your own money ?

    If u haven't , please read this page and in partic this line ;
    We do use client money to hedge positions, which means you have counterparty risk of both FP Markets and the Hedge Counterparty defaulting, however it is important to note that we do this to ensure that we are blah blah blah

    from this ; http://www.fpmarkets.com.au/about-us/why-fpm/our-security

    fp is no different to the others in my view .
    Which is why Shorten has put out a paper to clean them all up .

    cheers
    ps; I note the date i sent the email was only coincidence with them doing this report as they couldn't of prepared that report/questionaire in such a short time frame .
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.