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What happens if CMC Markets New Zealand ceases trading?

April 26, 2017ceases CMC happens Markets new zealand trading

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What happens if CMC Markets New Zealand ceases trading?

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Client money is held in a segregated client trust account with ANZ bank in New Zealand and these funds are not available to CMC Markets creditors and cannot be used by CMC Markets to pay any debts. This means that even in unlikely event that CMC Markets should stop trading, because all clients funds are kept separate they will remain safe and clients will be able to get their funds returned to them. CMC Markets New Zealand is a wholly owned subsidiary of CMC Markets plc, a large global financial company based in the UK. CMC Markets has a strong balance sheet and has no debt so is very unlikely to be in this situation.