We would like to reassure all of our clients in the wake of an announcement last week by the Australian regulator ASIC, regarding another completely unrelated entity named Direct FX Trading Pty Ltd.
Please note, this announcement has nothing at all do to with our company directfx.co.nz
The Australian regulator , ASIC has suspended the AFS licence and operations of the CFD/margin trading operation Direct FX Trading Pty Ltd. www.directfx.com
We are completely independent from www.directfx.com (Direct FX Trading Ltd) and there is not, nor has there ever been, any connection between the companies in any way.
Our business operates as directfx.co.nz and we have two registered companies, Direct FX Ltd and Direct FX Pty Ltd. We specialize in offering services for physical currency remittance and inter-bank currency broking. We are a New Zealand owned business and do not offer CFD / margin trading products.
We are regulated by both the New Zealand Financial Markets Authority and the Australian Securities and Investments Commission (ASIC) and continue to meet all of our responsibilities under our dual licence requirements, with no outstanding issues.
We fully appreciate it’s a confusing situation for many customers and potential customers. We registered as Direct FX Ltd with the NZ companies office on the 23rd April 2001. Since then the world has become a much smaller place thanks to the internet. Unfortunately it’s also meant that an offshore registered company with a very similar name can easily be confused with us.
This announcement from ASIC nothing to do with directfx.co.nz or our two companies Direct FX Ltd and Direct FX Pty Ltd.
We applaud the Australian regulator for providing stringent oversite of the financial sector. We take pride in providing an extremely professional and efficient currency transfer service at very competitive rates and we have an unblemished record of providing exceptional customer service.
If you have any questions please don’t hesitate to contact us so we can put your mind at ease.
NZ: 0800 560 006 AU: 1800 993 100