Regulatory agencies in Europe and the United States have already drastically curtailed the availability of forex and other types of CFD trading to ordinary investors. The crackdown by regulators in other countries led to a flood of brokers relocating to Australia, where an ASIC license — with its implication of strong consumer protection — has been regarded as particularly valuable by brokers.

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Many of the dozens of forex brokers licensed and regulated by ASIC have large numbers of clients in China. Industry sources have told the ABC that there could be hundreds of millions of Chinese clients' money held by the Australian brokers. Earlier this year, ASIC wrote to all brokers and warned them they were breaching Chinese laws by having clients in that country, ordering them to turn over large amounts of financial information to the regulator for inspection.

However, it is believed that some brokers sought legal advice and were told by lawyers that they were not breaching Chinese laws, resulting in a stand-off with ASIC. ASIC has told brokers that they have a three-week period in which to consider the proposed ban on binary options and restrictions on CFDs. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work.

News Home. Live blog Follow our live coverage for the latest news on the coronavirus pandemic. Key points: ASIC is looking to shut down the binary options industry The regulator has also proposed major restrictions on CFD investments Australians lose hundreds of millions of dollars a year in the complex and confusing trading systems The Australian Securities and Investments Commission ASIC released a consultation paper today stating it is also considering heavy restrictions on the offering of related 'contracts for difference' CFD investments — such as foreign exchange trading — to Australians.

This muscle-flaunting, sports car-driving broker has had his accounts frozen.

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Binary Options Trading Australia - Find the Best Aussie Brokers Here!

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These include:. Australian Indices: There are six types of indices available in the Australian market today. Forex Trading in Australia: This type of market is the currency trade market. It was created for large companies needing to trade currency on a frequent basis but is now a way to make a profit from an investment. Commodities: In this market, you have the option to invest your money in commodities from around the world. You can choose everyday items like coffee to more lucrative options like silver or gold.

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Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website. About Latest Posts. Follow me. John Walker. Financial Analyst at Clicking Media Group.

Currently he lives in Sydney NSW and he works as financial market analyst. Latest posts by John Walker see all. It measures the changes in the number of It measures the changes in the selling price Top Binary Brokers Top Au Regulated Forex Brokers.

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Disclaimer of Liability The information contained within BinaryOptions. Before deciding to trade foreign exchange you should evaluate your investment goals, your experience and risk propensity. You need to know there is a chance that you can lost some or all of your initial investment therefore you should avoid to invest money that you cannot afford to lose. Trade at your own risk. Follow Us! All Rights Reserved. Binary Options.

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