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ThinkForex Launches Personal Trust Accounts

Australian Forex broker ThinkForex today announced the launch of personal trust accounts for traders, beefing up the variety of options for funds protection and boosting transparency of financial operations. 

 
In their nature, the personal trust accounts are sub-accounts of ThinkForex Client Trust Accounts at the National Australia Bank (NAB). Perhaps you are aware that under regulations set by the Australian Securities and Investments Commission (ASIC), Forex brokers in the Land Down Under are obliged to keep the money of their clients separate from their own operating funds. Actually, these are a type of segregated accounts – a term with which more of you could be familiar. 
 
Each holder of a personal trust account will get own designated BSB (bank state branch, not the Backstreet Boys) code and account number for a separate trust account with NAB. As a result, each client will be able to monitor the account balance and at any moment and be sure that his funds are safe. 
 
You must have already gotten the main idea: the personal trust accounts enable you to hold your trading funds in a separate account. The transparency is better, while the biggest perk is, of course, safety.  As Nauman Anees, Managing Director of ThinkForex, explains: "After listening to our traders and watching the marketplace, it became clear that offering further client fund security options fits perfectly with the service ThinkForex traders already expect from us".
 
The service is available only to Australian clients of the broker and deposits can be made only in Australian dollars. 
 
The broker has promised many new offers and services in the first months of 2014 but so far it has focused mainly on the product lineup: you may recall that ThinkForex added more instruments to its CFD lineup early in January. The company also refurbished its website so that the focus falls on education and so that the site is more convenient to use from mobile devices. The introduction of the personal trust accounts shows that the broker has not forgotten about the necessity to offer the utmost security to clients' money.
 
In case you wonder whether you qualify for the new type of accounts shoot an email to [email protected], with  "Personal Trust" in the subject field.
 

About ThinkForex

 
ThinkForex is a leading international forex broker headquartered in Melbourne, Australia. It offers traders extremely fast, low latency NDD execution, competitive spreads, swap-free accounts and full hedging. The broker’s customers enjoy excellent promotions on a regular basis, and its highly professional customer support team is available around the clock.
ThinkForex was named "Fastest Growing FX Broker" at the MENA Forex Awards 2012 in Dubai and "Best Forex Customer Service" at the UK Forex Awards 2012 in London.
TAGS: thinkforex  thinkforex forex broker  australia forex broker  personal trust accounts  forex funding  forex deposits  national australia bank  segregated accounts  safety of funds  client money  asic  australia regulations  fund protection  forex trading 

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