Olive Financial Markets Pty Ltd (ABN 46 145 551 739; AFSL 390906) (“Olive” or “OliveFX”) is a financial services provider operating and regulated in Australia. It offers and/or provides financial services from Australia. Its Trading Services are in relation to Securities, Derivatives, Contracts for Difference (CFDs) and Margin Foreign Exchange. As part of providing Trading Services, Olive enables Clients to engage, interact and contract with it in the following capacities:
Clients can use Olive’s platform and Trading Services to trade on their own behalf Securities, Derivatives, Contracts for Difference (CFDs) and Margin Foreign Exchange.
Clients can use Olive’s platform and Trading Services to invest in the trading of other persons or entities, which Olive refers to as Portfolio Managers. In these circumstances, Clients have their own account or sub-account but trades are placed on such account or sub-account by a Portfolio Manager. Clients may have funds traded by more than one Portfolio Manager. An Investor can stop investing in the trading of a Portfolio Manager, which is subject to the terms of exiting the funds management arrangement, which is typically within 24 hours but may be longer depending on the type of trading. There are no specific exit fees that apply and the terms of exit are agreed in advance.
Clients can use Olive’s platform and Trading Services to follow or copy the trading of other persons or entities, which Olive refers to as Trade Leaders. In this case, trades of the Trade Leader are copied into the account of the Follower as the Trade Leader makes a trade. A Follower can suspend following a Trade Leader, typically instantaneously. A Follower that suspends copying a Trade Leader is responsible for closing any open positions that remain in the Follower’s account in the event Follower suspends following or copying trades of a Trade Leader.
4. Portfolio Manager
Clients can use Olive’s platform and Trading Services to be or become a Portfolio manager in which the client uses software embedded into our platform to trade its own and other Olive’ Clients capital.
5. Trade Leader
Clients can use Olive’s platform and Trading Services to be or become a Trade Leader in which as the Client places a trade, the same trade is placed in a manner agreed with other Clients is copied into those other Clients accounts or sub-accounts. Olive has various stages of Trade Leader.
Olive accept clients from other parties using various models including as Standard Affiliates, Introducing Brokers and Service Providers.
Clients may interact, engage and contract with Olive in any number of the capacities listed above. Clients do not own or have any interest in the underlying asset. Please refer to the Product Disclosure Statement and Client Agreement , but the above is a summary of our products.