CLSA Premium NZ Journal (Broker out of business)
| Journal status: closed CLSA Premium NZ out of business |
CLSA Premium NZ Profile
Website
www.clsapremium.com/en/nz/
Year
2020
Country
New Zealand
Branches
3
Regulation
FMA New Zealand
Registration
FMA New Zealand, ASIC Australia, SFC Hong Kong
Investor protection
Fund protection
no
Publicly traded
6877:HK
Restricted in
Not serving
х US
Broker type
MM
Dealing book
B-book
Tier
3
Execution speed
0 ms
LPs total
0
LPs quality
none
LPs names
none
CLSA Premium NZ Accounts
MM
Minimum Deposit
1 $
Leverage
30 : 1
Minimum Lot
0.01 lots
EURUSD spread
1.3 pips
Commission
0 $/lotRT
Volume
100 lots
Margin Call
...
Stop Out
...
Execution
Market
Spread
floating
Scalping
no
Deposit & Fees
Deposit methods
Bank Wire
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
none
| Update broker |
- Full listing profile: CLSA Premium NZ broker profile
Is CLSA Premium NZ safe?
- Investor protection: no
- Regulation: FMA New Zealand
- Registration: FMA New Zealand, ASIC Australia, SFC Hong Kong
- Publicly traded: 6877:HK
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is CLSA Premium NZ trusted?
- Information transparency: high
★★★★★ - Customer service: virtually non-existent
★ - CLSA Premium NZ website: uninformative, updated
★★ - CLSA Premium NZ popularity (by visitor count): low visits
★★
How CLSA Premium NZ works
5.13 CLSAP NZ may, but it not obliged, to offer real-time prices and quotes to the Client.
5.17 The Client acknowledges that prices and quotes on the Platform are, or are based on, data provided by third parties and that data is not the property of CLSAP NZ and remains the property of the relevant third party provider.
https://www.clsapremium.com/download/legal-doc/nz/02_Client%20Agreement.pdf
As the CFDs are traded over-the-counter (‘OTC’), you (the client) and CLSAP NZ (the provider) are counterparties to the
CFD. That is, the CFDs are not traded on a market
https://www.clsapremium.com/download/legal-doc/nz/01_Product%20Disclosure%20Statement.pdf
We act as a market maker
The profits or losses that you make from trading with CLSAP NZ depend on our prices, and not another provider’s price whether in New Zealand or not, for the same relevant Underlying Instrument. Although the Prices generated by the Trading Platform will take into account current exchange and market data from various sources, they are not taken directly from any source. This means that the Price we provide can be different to any current exchange or market price, or another provider’s price, for the same relevant underlying reference instrument.
The profits or losses that you make from trading with CLSAP NZ depend on our prices, and not another provider’s price whether in New Zealand or not, for the same relevant Underlying Instrument. Although the Prices generated by the Trading Platform will take into account current exchange and market data from various sources, they are not taken directly from any source. This means that the Price we provide can be different to any current exchange or market price, or another provider’s price, for the same relevant underlying reference instrument.
https://www.clsapremium.com/download/legal-doc/nz/04_Risk%20Warning%20Notice.pdf
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