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Hi mjim,Here your questions answered:- Do you have a AFSL?No we don’t as we are not providing any type of financial advice to our clients!- or you are just Australian registered as a private company (which anybody can do for less than $2000)Yes, we are just like most other businesses in Australia registered as a private company, that obeys to the rules and regulations set by the government of Australia.The company pays taxes in Australia and the same stands for our other offices in Hong Kong and London.If you are employed by someone and don't work for a publicly quoted company, then even you work for a company that your boss “setup for less than $2000"-Which Binary broker / product do you people have to use to trade your signals?Clients can choose from a variety of online brokers that provide platforms to trade binaries.-Where are they regulated?Although there are many brokers on the market to trade binaries I would have to say that 80% of them fall under the umbrella of 4 main trading platform providers that retail their product for an affiliate fee and share of profits and these are mostly publicly traded companies. Most of them are regulated just like any other big companies, in places that favor their bottom line therefore in places where taxation is pretty low or they can strike good tax deals. Therefore, it's pretty irrelevant where these brokers "or better the companies that provide the services to them" are regulated because smaller countries will often adjust their rules and regulations to these market makers in order to cash in on a share of their business revenue.-Do you get any financial benefit from them?No we don't, as clients can choose where to trade on their digression. It would be a conflict of interests to associate with any of the providers and with the variety of brokers available it is pretty impossible.Do we recommend certain broker over others? Sure we do as it's in our interest that our clients are able to withdraw funds from their accounts without any unwelcome surprise.-Your claimed performance is it independently audited by an Australian Licensed Accountant?Well I never claimed that it is, nevertheless our results are publicly available therefore can be audited by anyone who likes to do that, we have nothing to hide.-If your signal service is so good I am sure your company and your staff trades itself, are you prepared to show proof of that?This again is a conflict of interests, we provide a service and in order to excel at it we cannot put ourselves in a situation where we would be biased based on how well or how bad the trades when on a particular day!That said there may be the odd employee that has access to signals beforehand that does trade themselves, but I cannot say for sure as my department like most others do not have access to signals before expiry time.Please feel free to ask any additional questions or clarifications without “bit around the bush”
Hi mjim,
Here your questions answered:
- Do you have a AFSL?
No we don’t as we are not providing any type of financial advice to our clients!
- or you are just Australian registered as a private company (which anybody can do for less than $2000)
Yes, we are just like most other businesses in Australia registered as a private company, that obeys to the rules and regulations set by the government of Australia.
The company pays taxes in Australia and the same stands for our other offices in Hong Kong and London.
If you are employed by someone and don't work for a publicly quoted company, then even you work for a company that your boss “setup for less than $2000"
-Which Binary broker / product do you people have to use to trade your signals?
Clients can choose from a variety of online brokers that provide platforms to trade binaries.
-Where are they regulated?
Although there are many brokers on the market to trade binaries I would have to say that 80% of them fall under the umbrella of 4 main trading platform providers that retail their product for an affiliate fee and share of profits and these are mostly publicly traded companies. Most of them are regulated just like any other big companies, in places that favor their bottom line therefore in places where taxation is pretty low or they can strike good tax deals. Therefore, it's pretty irrelevant where these brokers "or better the companies that provide the services to them" are regulated because smaller countries will often adjust their rules and regulations to these market makers in order to cash in on a share of their business revenue.
-Do you get any financial benefit from them?
No we don't, as clients can choose where to trade on their digression. It would be a conflict of interests to associate with any of the providers and with the variety of brokers available it is pretty impossible.
Do we recommend certain broker over others? Sure we do as it's in our interest that our clients are able to withdraw funds from their accounts without any unwelcome surprise.
-Your claimed performance is it independently audited by an Australian Licensed Accountant?
Well I never claimed that it is, nevertheless our results are publicly available therefore can be audited by anyone who likes to do that, we have nothing to hide.
-If your signal service is so good I am sure your company and your staff trades itself, are you prepared to show proof of that?
This again is a conflict of interests, we provide a service and in order to excel at it we cannot put ourselves in a situation where we would be biased based on how well or how bad the trades when on a particular day!
That said there may be the odd employee that has access to signals beforehand that does trade themselves, but I cannot say for sure as my department like most others do not have access to signals before expiry time.
Please feel free to ask any additional questions or clarifications without “bit around the bush”
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