The statement is made and published in respect of Universal Markets TradesCorp Financial Services Pty Ltd an Australian registered company (ACN 127 606 348) and Australian Financial Services Licence (AFSL number 318232).
Universal Markets Trades is a leading global provider of margin foreign exchange and contracts for difference (“CFD”s). We offer fully regulated retail and institutional trading. Founded in Sydney in 2007 and trusted for over ten years, our business has evolved into a world-class, multifaceted brokerage. With heavy investment in the latest trading technology, Universal Markets Trades seeks to offer the most comprehensive end-to-end trading experience available, servicing traders of all levels from beginners to institutional level clients. The Universal Markets Trades group operates in Australia under regulations governed by ASIC1.
Universal Markets Trades supports the Modern Slavery Act 2018 (Australia), whose provisions assist in the eradication of modern slavery, wherever it may occur, and raise public awareness of the issue.
Universal Markets Trades has a responsibility to respect human rights in their operations and supply chains, as outlined in the “United Nations Guiding Principles on Business and Human Rights2”, and this includes appropriate measures to assess and address modern slavery risks. Entities that take action to combat modern slavery in their operations and supply chains can protect against possible business harm and improve the integrity and quality of their supply chains.
At Universal Markets Trades our vision is to:
make a positive impact on people’s lives everywhere we go
We support and respect the protection of internationally proclaimed human rights and endeavour to make sure that Universal Markets Trades is not complicit in human rights abuses. Universal Markets Trades acknowledges the importance of respecting human rights and combating modern slavery that it may be exposed to through its operations or supply chains. We are committed to achieving the highest standards of ethical behaviour in the conduct of our business and activities worldwide.
Universal Markets Trades does not tolerate slavery, human trafficking, abusive or unfair treatment in any part of our business, or in any of our supply chains. Through our policies and procedures for procuring services and resources, Universal Markets Trades is committed to acting ethically and with integrity in all our business dealings and relationships and to implementing and enforcing effective systems and controls to ensure that slavery and human trafficking is not taking place anywhere in our business or in any of our supply chains.
Universal Markets Trades operates in the financial services sector, which in general, is assessed as low risk in respect to modern slavery. Universal Markets Trades primarily operates in countries which are assessed by the Global Slavery Index3 as having a lower prevalence of modern slavery with the governments of these countries actively responding to the issues that modern slavery poses.
Universal Markets Trades’s supply chain primarily provides professional and technical services and is considered low risk in respect of modern slavery. Universal Markets Trades’s suppliers provide services in respect of:
Universal Markets Trades expects the same high standards from all its contractors, suppliers and other business partners. When considering potential suppliers, Universal Markets Trades requests suppliers to demonstrate the measures they have in place for combatting modern slavery. Universal Markets Trades will then make an assessment and determine if the providers policies, procedures, and processes meet Universal Markets Trades’s requirements and standards.
Universal Markets Trades is committed to acting ethically and with integrity in its business dealings and relationships and to ensure effective measures operate to assist in the eradication modern slavery and reducing the potential risk of this occurring in Universal Markets Trades’s business and supply chain.
The measures Universal Markets Trades has in place to mitigate the potential risk of modern slavery include Universal Markets Trades’s policies and procedures, in particular the:
Recognising that the greatest risk of modern slavery is in our supply chain, Universal Markets Trades will continue to take appropriate measures to ensure that these risks are both managed and reviewed.
Universal Markets Trades’s staff training programme includes training relating to modern slavery which is completed by Universal Markets Trades staff globally. As part of Universal Markets Trades’s periodic review of training content, Universal Markets Trades will consider if further enhancements may be beneficial.
Universal Markets Trades employs nearly 300 staff members in a number of locations across the globe and values the people that choose to work for Universal Markets Trades. Universal Markets Trades uses recruitment firms who meet relevant employment local laws and regulations. Universal Markets Trades periodically reviews its human resources policies and procedures to ensure these continue to be relevant in respect of respective employment law.
This statement was prepared by members of Universal Markets Trades’s risk management division and approved by Universal Markets Trades’s Risk, Audit and Compliance Committee.
1 ASIC Home | ASIC - Australian Securities and Investments Commission
2 OHCHR | OHCHR and business and human rights
3 The Global Slavery Index provides a country by country ranking of the number of people in modern slavery, as well as an analysis of the actions governments are taking to respond, and the factors that make people vulnerable.