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June 25, 2019

RFXT cease to provide the financial service to residents in China

Due to the change in Australian regulatory framework, RFXT can no longer offer the service to China.

royal-rfxt-china-australia-regulation-license-ASIC royal-rfxt-china-australia-regulation-license-ASIC

This article is referred from RFXT’s news.

Due to recent changes in the Australian regulatory framework, Royal Financial Trading Pty Ltd (AFSL# 420268) will no longer be providing financial services to clients that reside in China (“Offshore Clients”) starting 28th June 2019.

If you are included in the service area where Royal Financial Trading Pty Ltd must cease its financial operations, then you may have already received an email from the broker regarding to the termination of the contract.

Pursuant to clause 27 of the Australian Account T&Cs, we have chosen to exercise our right today by giving you notice to terminate our services under the Australian PDS and Australian Account T&Cs and this email constitutes written notification to you of our decision to terminate our services to you.

RFXT refers to the current version of the Product Disclosure Statement (“Australian PDS”) and Terms and Conditions between Royal Australia (“Australian Account T&Cs”) which are available on the website.

Visit RFXT Official Website

RFXT Termination of Financial Services

If your account will be closed on 28th June 2019, you need to close any open positions before 05:00 (AEDT – Sydney time) on Saturday, 29th June 2019.

If there are any open positions after that time, RFXT will close them for the traders at their own risk and they won’t be able to open any new positions.

The broker will then initiate a withdrawal process and return any remaining funds back to the traders.

Please note that from market closure on at 07:00 (AEDT – Sydney time) on Saturday 29th June 2019, these traders won’t be able to receive any services from RFXT aside from requesting the withdrawal of the remaining funds with them.

For more information about the change on your trading accounts, please contact customer support team from RFXT’s Official Website.

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