Trading
Partnership
Promotions
Analytics & Education
About
  • What we do with your money

What we do with your money

When you deposit money into an BTF Prime account as a retail client, it’s protected in a number of ways.

The essentials

The client funds of your trading account are held in separate client trust accounts of National Australia Bank (NAB) and Westpac Banking Corporation (Westpac), both of which are AA-level Australian banks.

Electronic payments are processed using SSL (Secure Socket Layer) technology and encrypted to ensure security.

All payment information is confidential and can only be used in the BTF Prime trading account.

BTF prime will never use customer funds for operational activities, such as hedging transactions with other counterparties or as margin for our hedging transactions

What does BTF Prime do with my money?

Unlike ordinary banks, investment companies like BTF prime must keep client funds and assets separate from their own funds. This means that we must not use customer funds in our operations. Even if the BTF prime is wound up, customer funds can be completely separated and protected from BTF prime creditors.

Client funds are held in separate client trust accounts of National Australia Bank (NAB) and Westpac Banking Corporation (Westpac), both are AA-level Australian banks. Electronic payments are processed using SSL (Secure Socket Layer) technology and encrypted to ensure security. All payment information is confidential and can only be used in the BTF Prime trading account. BTF prime will never use customer funds for operational activities, such as hedging transactions with other counterparties or as margin for our hedging transactions

What happens to the money I deposit with BTF Prime?

Your money is held in segregated bank accounts under trustee arrangements. This ensures that the cash remains yours, rather than BTF Prime’s. It also means that it’s easily identifiable as client money, so BTF Prime and its creditors don’t have any charge, liens, or rights of set-off or retention over it.

We have a number of segregated bank accounts at a range of credit-worthy high street banks such as HSBC. We intentionally ensure that client money is split between a number of banks, and we’re not permitted to hold it all in one place.

We may place funds in notice or term deposit accounts with a notice period or term of up to 95 days. Placing client money in notice or term deposit accounts does not in itself affect your ability to deal with or withdraw funds from your account with us, however, in the unlikely event of insolvency of BTF Prime, such amounts may not be immediately available upon request.

What happens to my money if BTF Prime goes into liquidation?

As all deposits lodged with us are held in trust for you in a regulated trust account, in such circumstances those deposits would attract all legal protections afforded to trust money.

Net unrealised running profits are also held in trust by us and would normally be similarly protected for your benefit as beneficial owner.

You might be interested in…

Our charges

Margin

Learn about BTF Prime

We're clear about our charges, so you always know what fees you will incur.

With tiered margining we can offer lower rates for the majority of positions.

See how we've been changing the face of trading for more than 40 years.

Free demo account Open account