Credit Application Form
Please click the Apply Now button below to apply for a credit allowance. Once we have your credit request, we will review your application and contact you within three working days.
What is a Credit allowance?
A credit allowance is a fixed amount determined by us and allocated to your account. The credit allowance will increase your trading resource, and this will allow you to create additional open positions. However, it may not be used to pay realised losses which are due immediately.
How much credit can I apply for?
Subject to passing our checks, we will typically allow you to obtain a max credit amount that is equivalent to 25% of the funds you can demonstrate you hold. For example: if you can show a bank or savings statement, or a stock portfolio that demonstrates you have $100,000 in liquid cash assets, we would allow you to apply for a credit allowance up to $25,000.
To process your request, we need to see documentation that demonstrates the liquid assets you hold
What documents can I provide?
|Documents we accept
||Documents we can't accept
|Bank statements - these must include your name and bank details, shown over a four-week period. Joint statements will be taken at 50% (prior to risk haircut).
||Overdrafts and loans
|Stock portfolios - including the name and portfolio value (depending on the liquidity of the stock and the balance of the portfolio).
||Credit card statements
|Share certificates - including the name and share value (depending on the liquidity of the stock and the balance of the portfolio).
||Mortgages or property
|Trading statements (elsewhere) - including the name and portfolio value (depending on the liquidity of the stock and the balance of the portfolio).
||Luxury goods – such as cars and wine
|Tradeable funds (Gain) - funds must have been held on your Gain account for a minimum four-week period. They must not be used to cover deposits or losses.
||Family Trust Accounts
How many documents can I provide?
You can upload as many different documents as you need to. We will combine the value of funds shown across all statements you provide to decide your credit allowance.
For example, if you provide a bank statement showing funds of $20k and a savings statement showing separate funds of $20k we would enable you to obtain a credit allowance of 25% of the combined value of all statements you provide. In this example: $20k + $20k = $40k. 25% of $40k = $10k.