Money safety & Client Funds
At Rockfort markets we make sure that all your funds are kept separate from our operational accounts in a separate client funds account. We have client accounts in a range of currencies with well regulated banks. 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.
Funds deposited by clients will usually be received by us in a segregated bank account at the ANZ Bank. If we receive funds via another method (e.g. credit card) then we will transfer the amount into the client 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.
We use well regulated banks to hold segregated client money. We regularly review the banking market to ensure that client funds are safe.
Internal and external audits and reviews are undertaken to ensure we comply with all legislative requirements.
In the unlikely event of Rockfort Markets’ liquidation, client funds which are held in our client accounts would have their share of money returned, minus any administrators’ costs in handling and distributing these funds.