We would like to reassure all our clients in the wake of an announcement by the Australian regulator ASIC, regarding a completely unrelated entity named Direct FX Trading Pty Ltd (directfx.com).
Please note, this announcement has nothing at all do to with our company Direct FX Ltd, www.directfx.co.nz
The Australian regulator, ASIC, has revoked the AFS licence of the CFD/margin trading operation Direct FX Trading Pty Ltd, www.directfx.com, and that company has subsequently gone into receivership.
We are completely independent from www.directfx.com and there is not, nor has there ever been, any connection between the companies in any way.
Our business is New Zealand registered and operates as www.directfx.co.nz. 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 we continue to meet all 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.
The regulator, ASIC, has tried to clarify this point at the very bottom of their press release, which you can view here.
This announcement from ASIC has nothing to do with our company Direct FX Ltd, www.directfx.co.nz. 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