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Showing 1 - 10 of 102 results for "CFDs"

New 'high-risk' derivatives on the rise

MATTHEW WAI  |  MONDAY, 20 JUL 2026
... 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 PIO will remain in place until 23 May 2027, and ASIC intends to remake the order ...

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

VINNY VUCAGO  |  FRIDAY, 10 JUL 2026
... priority. "Driving better outcomes for consumers of financial products and services, including high-risk products such as CFDs, is one of the ASIC's priorities for supervising market intermediaries," ASIC said. The cancellation comes after ASIC announced ...

BitDelta Pro taps Iress to support global multi-asset ambitions

VINNY VUCAGO  |  MONDAY, 22 JUN 2026
... ViewPoint, Iress Pro, IOS+, FIX connectivity and APIs, as it broadens its offering into equities and contracts for difference (CFDs). The deal will also see BitDelta Pro integrate Iress' API and FIX infrastructure to connect front end trading systems ...

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

VINNY VUCAGO  |  MONDAY, 15 JUN 2026
... a financial services licensee for failing to ensure services were provided efficiently, honestly and fairly by marketing CFDs to customers in China despite the risk of breaching local laws. In addition to the penalties, EuropeFX was permanently restrained ...

UK influencers fined over promotion of unauthorised forex scheme

JAMIE WILLIAMSON  |  FRIDAY, 27 FEB 2026
... 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 the trust of those who followed them. We'll continue to work with responsible influencers ...

ASIC returns $40m of CFD losses

ELIZA BAVIN  |  TUESDAY, 20 JAN 2026
... 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 shares, currencies or commodities, without owning them. ...

ASIC puts 18 finfluencers on notice amid global campaign

JAMIE WILLIAMSON  |  THURSDAY, 12 JUN 2025
... provide unauthorised product advice and promote high-risk, and complex investment products, such as contracts for difference (CFDs) and over the counter (OTC) derivative products. It said they're often making misleading or deceptive representations about ...

Second bidder enters SelfWealth takeover talks

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... BFG proposed on Wednesday. Global online brokerage firm AxiCorp specialises in forex trading and contracts for difference (CFDs) and is currently led by chief executive Rajesh Yohannan and chief commercial officer Louis Cooper. Founded in 2007 and headquartered ...

ASIC cancels AFSL of foreign exchange contracts issuer

ELIZA BAVIN  |  THURSDAY, 5 SEP 2024
... Investments Commission (ASIC) has cancelled the Australian financial services licence (AFLS) of contracts for difference (CFDs) and foreign exchange contracts issuer, FXOpen AU. ASIC said the decision to cancel the licence came after an investigation ...

ASIC bans 'incompetent' financial services directors

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
... responsible managers of XTrade, a trading platform that offers clients opportunities to trade in contracts for difference (CFDs) and foreign exchange contracts. The directors, Shay Zakhaim and Anthony Anderson, have been banned from running a financial ...
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