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Showing 1 - 10 of 131 results for "CFD"

Crypto traders surge, Swyftx expands into mainstream assets

VINNY VUCAGO  |  FRIDAY, 31 JUL 2026
Nearly 2.4 million Australian now hold cryptocurrency, according to new research, as local exchange Swyftx announced it is the first domestic crypto platform to offer both traditional asset classes alongside digital assets. Investment Trends' inaugural ...

ASIC boasts $830m record civil penalties

KARREN VERGARA  |  MONDAY, 20 JUL 2026
... in civil penalties at the end of April. A further $300.2 million civil penalty against collapsed contracts for difference (CFD) issuer Union Standard International Group and its former authorised representative was booked in June. The court ordered $156.7 ...

New 'high-risk' derivatives on the rise

MATTHEW WAI  |  MONDAY, 20 JUL 2026
... line with INFO Sheet 225. ASIC has also imposed a product intervention order (PIO) with several contracts for difference (CFD) issuers and since commencement more than $40 million have been refunded with CFDs that were in contravention of the PIOs. The ...

ASIC cancels Trive Financial's AFSL as review into CFDs continues

VINNY VUCAGO  |  FRIDAY, 10 JUL 2026
ASIC has cancelled the Australian financial services licence (AFSL) of contracts for difference (CFD) issuer Trive Financial Services Australia, after determining the company was no longer carrying on a financial services business in Australia. The ...

BitDelta Pro taps Iress to support global multi-asset ambitions

VINNY VUCAGO  |  MONDAY, 22 JUN 2026
Iress has secured a multi-year partnership with UAE-based trading platform BitDelta Pro, as the fintech continues to expand its trading and market data footprint across high-growth international markets. Under the agreement, BitDelta Pro will adopt ...

ASIC secures record $300m penalty over 'egregious' CFD misconduct

VINNY VUCAGO  |  MONDAY, 15 JUN 2026
... The Federal Court has imposed record penalties totalling more than $300 million against collapsed contracts for difference (CFD) issuer Union Standard International Group and two of its former authorised representatives. ASIC described the court action ...

UK influencers fined over promotion of unauthorised forex scheme

JAMIE WILLIAMSON  |  FRIDAY, 27 FEB 2026
... Instagram followers; Goodger alone has one million. According to reports by UK media, some of their followers invested in the CFD scheme and lost money as a result. The FCA said as many as 80% of investors in CFDs lose money. "These influencers betrayed ...

ASIC returns $40m of CFD losses

ELIZA BAVIN  |  TUESDAY, 20 JAN 2026
... retail investors as it continues to drive substantial compliance improvement across Australia's contracts for difference (CFD) sector following a whole of industry review. CFDs allow investors to speculate on the price movements of assets such as ...

ASIC puts 18 finfluencers on notice amid global campaign

JAMIE WILLIAMSON  |  THURSDAY, 12 JUN 2025
Eighteen finfluencers have received warnings from ASIC for promoting high-risk products and providing unlicensed financial advice. The warnings were part of a Global Week of Action Against Unlawful Finfluencers, which saw ASIC participate in a coordinated ...

Court finds CFD issuers engaged in 'unconscionable conduct'

ELIZA BAVIN  |  MONDAY, 23 DEC 2024
The Federal Court has found that collapsed contracts for difference (CFD) issuer, Union Standard International Group (USG) and two of its former corporate authorised representatives, BrightAU Capital (trading as TradeFred) and Maxi EFX Global AU (trading ...
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