Financial Services Guide
Wealth FX
WealthFX Pty Ltd is an Australian owned Financial Services company, which specialises in the training of retail and wholesale clients in the spot forex market and the use of an electronic trading platform owned and promoted by Forex Capital Markets (known as FXCM). This trading platform provides access to the global foreign exchange markets enabling clients to buy and sell foreign currencies.
Our goal is to assist clients in building wealth through our training, which involves education and responsible trading skills and strategies. To achieve this goal we offer comprehensive regular training exercises, forums and individual coaching under the general advice section of our AFSL.
Clients of WealthFX range from active market traders to passive investors with an interest in the spot forex market and contemporary trading strategies.
Our clients judge us on the quality of our training materials and attention to personal tuition.
Which Licensed Entities Does This FSG Refer to and What Services are Provided?
WealthFX Pty Ltd (WealthFXĀ¯) is a corporate authorised representative of Falconer & Company Limited, who are licensed as an Australian Financial Services Licensee (No. 244315) under the Corporations Act.
This enables Wealth FX to provide training services that only constitute general advice under the laws governing financial services in Australia. This can include information about FXCM products and the underlying markets. Any information you receive from Wealth FX in the form of market and research reports or web site content should only be regarded as general advice.
The Nature of Advice Given by Wealth FX
We will not provide you with personal advice. Personal advice is advice that takes into consideration one or more of your objectives, financial situation or need or advice which could reasonably be regarded as having done so.
You will therefore not receive a statement of advice from us. We will only provide you with general advice; general advice is advice that is not personal advice.
We do not take into account your objectives, financial situation or needs. It is important for you to consider these matters. Accordingly we make no warranties or guarantees that the content of the advice given during our training is suitable for your individual situation. You should consider seeking independent advice before implementing the skills practiced in training or making any decisions about FXCM products and/or using the services offered by FXCM.
Under the law governing financial services, general advice has a defined meaning which may be different to what you understand and expect general advice to mean. In the context of the provision of financial services, general advice can include information about financial products and markets and FXCM products specifically.
Any information WealthFX may provide you about FXCM products and the markets or you have discussed with a Wealth FX employee should only be regarded as general advice. Market updates, research reports, historical performance charts, web site content are examples of the general advice we may provide.
You should obtain professional financial advice based on your own particular circumstances before making any investment decision on the basis of the general advice provided by Wealth FX in the course of its training and your relationship with Wealth FX staff.
Wealth FX may collect personal or investment information from you to identify you and to administer your relationship with us. Collection of personal information does not imply that personal advice was given.
Wealth FX Products
Wealth FX focuses solely on the following products
- Training in the use of the spot forex market
- Training in the use of the FXCM electronic trading platform to enable clients to buy and sell foreign currencies
Identify the Risks
Clients of Wealth FX will be told that trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange during or after you have purchased services or received advice from Wealth FX, you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
When deciding to purchase products from Wealth FX you are advised to consider the limitations of the advice given.
Download the Complete FSG
You can download a copy of our Financial Services Guide in PDF format. To download this file please click here.