Regulations: Your Money
If your account is held with CMC Markets Singapore, the following is applicable to you.
If your account is held with CMC Markets Singapore, the following is applicable to you.
CMC Markets is authorised and regulated by the Monetary Authority of Singapore (MAS) and complies with Singapore's Securities & Futures Act (SFA) to ensure all client funds are protected. As such, CMC Markets clearly distinguishes client money from its own by holding such funds in segregated client bank accounts. Segregation of client money in this way ensures that in the event of CMC Markets becoming insolvent, funds held in these accounts will be returned to clients.
As a customer of CMC Markets all of your funds on deposit with us are held in segregated trust accounts with banks licensed in Singapore under the Singapore Banking Act (Cap. 19) and are maintained and operated in accordance with the segregation requirements under the Singapore's Securities & Futures Act (SFA). We do not use client money to hedge our positions or to meet the trading obligations of other customers. This offers you financial security and you can rest assured that your money with us is protected.
In the event of CMC Markets’ liquidation (primary pooling), clients whose funds are held in segregated client bank accounts would have their share of the segregated money pool returned.
Client Money Protection Summary
- All retail client money is held in segregated client bank accounts in accordance with Singapore's Securities & Futures Act (SFA)
- All money held on behalf of clients is held with top-tier banks
- CMC Markets does not lodge retail client money towards margins with its hedging counterparties
- CMC Markets Singapore Pte Ltd (UEN:200605050E) is regulated by the MAS
We will:
1. Record details of your complaint on our centralised complaints recording system.
2. Thoroughly investigate the relevant issues using all the information available to us.
3. Correct any mistake we may have made.
4. Let you know of the outcome of our investigation.
We will always try to resolve complaints as quickly as possible. Should you have reason to complain, then it is important that you initially contact the team at CMC Markets who will be pleased to assist you. You can contact us on support@cmcmarkets.com.sg or 1800 559 6000. Complaints will usually be resolved at this early stage.
Should your complaint require further investigation, this will be confirmed in writing and you will receive a response from the Customer Management Team within 5 working days of receipt of your complaint.
If your complaint is not resolved to your satisfaction you will be able to refer the matter to our Service Recovery Coordinator.
A full and final written response will be issued. At the latest, your complaint will be dealt with within 8 weeks from the date of receipt of the complaint. If we are unable to provide you with a final response within this timeframe, we will write to you explaining why and advise you when you can expect a final response.
In the first instance, your complaint will be handled by one of our trained representatives in the Customer Management Team.
If you are not happy with our initial response you can refer the matter to one of our Service Recovery Coordinators, who will arrange for a further investigation to be carried out. Following this investigation you will be issued with our final written response within the time frames specified above.
We are committed to resolving complaints through our complaints procedure. However, should you still remain dissatisfied following our final response (if you are one of our Retail clients ) you can refer your case to the Financial Industry Disputes Resolution Centre Ltd (FIDReC). This is an independent organisation set up to resolve disputes between consumers and financial firms such as ourselves.
Please note the FIDReC will only investigate cases once we have been given the opportunity to resolve your complaint. Their contact details are as follows:
Financial Industry Disputes Resolution Centre Ltd
36 Robinson Road
#15-01, City House
Singapore 068877
For more information, please refer to https://www.fidrec.com.sg/.