CFDs

Funds management

ASIC fires warning shot at OTC derivatives distributors

ASIC has taken aim at distributors of over-the-counter derivatives after a review found improvements are needed in how they meet design and distribution obligations, havi...

People & Products

CFD investors join class action against IG Markets

A class action is being prepared against IG Markets on behalf of thousands of investors who lost an estimated $800 million trading contracts for difference. ...

Funds management

CFDs/FX trading contracts with ASIC product intervention

While inflows of new traders and reactivators have tapered in the contracts for difference and foreign exchange space, 33% are trading cryptocurrency, according to Invest...

Financial planning

CFD leverage reduced

The corporate regulator’s contracts for difference product intervention order now allows maximum leverage available to retail clients to range from 30:1 to a 2:1 dependin...

Policy & Regulation

ASIC tightens CFD rules

The Australian Securities and Investments Commission has initiated a product intervention order tightening the rules and the leverage around retail contracts for differen...

Policy & Regulation

ASIC cancels account manager over CFD sales

Steven Marsh has been banned by the Australian Securities and Investments Commission for providing financial services for three years after making misleading representati...

Policy & Regulation

ASIC warns retail investors against playing volatile markets

There has been an upsurge in retail investors seeking to time the market in pursuit of quick profits and the Australian Securities and Investments Commission has warned t...

Policy & Regulation

AFS licensees could be breaking overseas laws

Australian financial services licensees that offer over-the-counter derivatives to retail investors overseas might be breaking overseas laws....

Funds management

Saxo Group welcomes ASIC product intervention powers

Saxo Capital Markets has welcomed ASIC product intervention powers and reinforced the importance of responsible leverage....

Policy & Regulation

ASIC accepts EU from Vantage

The Australian Securities and Investments Commission has accepted an enforceable undertaking from Vantage Global Prime Pty Limited....

Financial planning

CFD trading declines despite volatility

Retail participation in the contracts for difference market had decreased by 14 per cent despite volatility, demonstrating the need for education from providers....

Funds management

Access to equities key to new CFD traders

Investors planning on making their first CFD trades over the coming year say having access to equities will be a key factor when selecting their provider....