July 14, 2020

ASIC Bans Steven Marsh For 3 Years After Cancelling Forex

Australia’s regulator, the Australian Securities & Investment Commission (ASIC) has temporarily suspended the license of the forex broker Direct FX.According to the Commission’s statement on its website, the reason for the measure is that Direct FX Trading Pty Ltd. has failed to maintain financial soundness, and comply with some with its duties. ...read more


Best ASIC Regulated Forex Brokers 2021: Facts & More

Forex License Mauritius; UK FCA License; Labuan IBFC License; Seychelles SDL License; New Zealand FSP License; Australia ASIC License; BVI FSC License; Mauritius FSC License ...read more


Cyprus Investment Firm, Forex, Crypto Licenses from CySEC

About Licensing Body Australia Forex License (ASIC) ASIC is the regulatory body in Australia, responsible for the review and issuing of forex licenses. The ASIC licenses are issued to financial companies which intend to engage in forex activity provided they meet certain criteria as required by the ASIC, this many include capital adequacy and fit and proper tests. ...read more


We List The Safe FX Brokers - So You Can Avoid The Scams

2 days ago · ASIC had cancelled Forex CT’s Australian financial services licence back in May 2020 after finding that their financial services business model ignored crucial AFS licensee obligations, resulting in unacceptable, disingenuous and misleading practices. ...read more


Best ASIC Regulated Brokers 🥇 Licensed Australian Platforms

Evidently, the ASIC also aims at ensuring that the brokers abide by the law and the regulations imposed by it. It also deals with processing and storing sensitive information. What you should know about ASIC regulated forex brokers. Simply put, ASIC basically necessitates brokers to have an adequate AFS license. ...read more


27 Best ASIC Forex Brokers - ( Reviewed ) 2021 - SA Shares

ASIC has recently suspended the licesnes of several companies. A few months ago the agency has announced new wave of regulations ...read more


ASIC Suspends AFS licence of Forex Plus for Six Months

18-02-2019 · Level B Forex Jurisdictions. Great Britain ( FCA – the regulatory body) Australia ( ASIC – the regulatory body) -Less stringent reporting requirements. -Obtaining a license can cost around $35,00-$50,000. -A physical office presence is required. -$100,000 of capital is needed (non- … ...read more


ASIC Regulated Forex Brokers ∼ Top 10 2021

23-04-2018 · ใบอนุญาต และการกำกับดูแลของโบรกเกอร์ฟอเร็กซ์ (License forex) ถ้าจะเปรียบเทียบกับประเทศไทยเราก็คล้ายๆ กับ กลต นั้นเอง ...read more


AxiTrader AFS licence suspended | Forex Factory

ASIC Forex Regulated Brokers. The Australian Securities and Investments Commission, an autonomous government entity founded in 1998, is responsible for regulating financial firms, businesses, the financial markets, investment advisers, insurers, Forex brokerage … ...read more


XM Regulation and Licensing

Getting an ASIC license is a long process that takes a long time (a minimum of 6 months) and requires companies to meet strict criteria to be considered safe for retail clients. ...read more


Best ASIC Regulated Forex Brokers 2021 (UPDATED) | Public

26-02-2020 · If ASIC finds out you made a mistake, the penalty is a very heavy fine, license suspension or jail time. ASIC relies on electronic detection rather than human whistle blower. With offense relating to insider trading in shares, their conviction rate is almost 100%. ...read more


ASIC Regulated Forex Brokers - Does This Regulator Protect

Legal: This website is operated by Trading Point of Financial Instruments Limited, registration number HE251334, with registered address at 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus. Risk Warning: Forex and CFD trading involves significant risk to your invested capital. Please read and ensure you fully understand our Risk Disclosure. ...read more


ASIC Regulated Forex Brokers | Forex Brokers Lab

ASIC suspended the Forex Plus’s AFS licence for six months. The regulator said the company had not conducted or provided financial services for some time. The company also did not submit its audited accounts for several years. 28 May, 2020, | AtoZ Markets – Forex Plus Australia Pty Ltd is a financial services provider. ...read more


Top 10 Best ASIC forex brokers for 2021 [ASIC regulated

So to put it simply, for the company to apply for ASIC’s Australian Forex License they need to have a physical office in Australia and only then they are eligible to submit the application form. More than usually the brokerages, which are serious about their business will also appoint a local director at that due to familiarity with local laws. ...read more


FinanceFeeds | ASIC cancels AFS licence of Forex Capital

Australian Forex Brokerage Firms. ASIC is the regulatory body in Australia, responsible for the review and issuing of forex licenses. The ASIC licenses are issued to financial companies which intend to engage in forex activity provided they meet certain criteria as required by the ASIC, this many include capital adequacy and fit and proper tests. The scope of the ASIC is to provide licensing to financial … ...read more


ASIC Cancels AFS Licence of The Australian Dealer Group

16-02-2021 · ASIC forex regulation. If you need to locate the best ASIC regulated forex brokers in Australia, you’ll find everything you need right here. Our experts will explain what ASIC regulated brokers are, how it all works, and which are the best ASIC broker sites to use. ...read more


A List of Top ASIC Regulated Forex Brokers for 2021

The Australian Securities & Investments Commission (ASIC) today announces that it has cancelled the Australian financial services (AFS) licence of retail FX broker Forex Capital Trading Pty Ltd (Forex CT). ASIC cancelled Forex CT’s licence after its investigation revealed the business model of the broker disregarded key obligations of an AFS licensee and resulted in unconscionable conduct, misleading … ...read more


Asic Regulated Forex Broker - Comparison 2021

15-03-2021 · ASIC on Monday announced the cancellation of the Australian Financial Services (AFS) licence of The Australian Dealer Group (ADG).. March 15, 2021 | AtoZ Markets – The Australian Securities and Investments Commission (ASIC) has banned Melbourne adviser Nizi Bhandari and cancelled the AFS license of The Australian Dealer Group. ...read more


20-128MR ASIC cancels licence of retail OTC issuer Forex

Vantage FX was founded in 2009 by a highly-specialised team with backgrounds in Finance, FOREX and Technology. Created to help clients pursue their financial goals, we proudly offer transparent access to the FOREX market, powerful trading platforms (MT4 and MT5), exceptional execution speed, and award-winning customer service. ...read more


As new regulations come, ASIC suspends licenses of several

Axi is a brand name of AxiCorp Financial Services Pty Ltd, which holds an Australian Financial Services License (AFSL) number 318232.In early 2020, the Australian Securities and Investments Commission (ASIC) announced that it would suspend Axi’s AFS license for four months, but that AxiCorp Financial Services Pty Ltd had applied to the Administrative Appeals Tribunal to review and reject the ...read more


Obtain an Offshore FOREX License

ASIC has stipulated all Forex brokers to hold a valid Australian Financial Services License (AFSL), which brings them directly under the ASIC regulation. ASIC operates under the Corporations Act (2001) of the Australian legislature and ensures that all laws are correctly interpreted according to the framework of the Government to maintain the integrity of the markets. ...read more


Forex Trading: Why Trade with Australian ASIC Brokers

Other excellent brokers that hold licenses with ASIC include IFGM, AxiTrader, VantageFX, ThinkMarkets, easyMarkets, Global Prime, Pepperstone, GOmarkets, and EightCap. As always, investors should be extremely cautious before engaging in trading forex or CFDs, spread betting, and binary options trading and heed all relevant risk warnings that come with these practices. ...read more


ASIC Issued 394 AFS Licenses in 2019-20 | Finance Magnates

29-06-2020 · His ban comes a month after his previous employer, Forex CT, got its Australian Financial Services (AFS) license canceled. The firm issued over the counter (OTC) derivatives. The firm’s license was canceled after ASIC determined that its business model disregarded the key obligations necessary for an AFS licensee. ...read more


ASIC implements ten-year ban for Forex CT director

04-02-2021 · We hope you enjoyed this overview of the best ASIC approved Forex brokers. More information on ASIC, ASIC regulation, and ASIC regulated brokers can be found on each of the websites of the above-listed ASIC regulated brokers or in ASIC's official website (www.asic.gov.au). Here are the best ASIC approved Forex Brokers for 2021: ...read more


HaveTrade - Australia

ASIC’s investigation also found that Forex CT lacked sound ethical values and judgement in dealing with clients, failed to ensure its representatives were adequately trained and complied with financial services laws and failed to ensure that financial services covered by its licence … ...read more


Retail FX and CFD broker FBS Enters Australia with ASIC

Obtaining an ASIC license is not as easy as it seems. ASIC requires some stringent rules to forex brokers who want to provide assurance to their customers. For example, all ASIC regulated Forex brokers must hold a minimum net capital AUD 1,000,000 to protect investors from bankruptcy or unexpected events. ...read more


Forex Trading Guides - Our Experts Rate Them All - forextraders.com

17-02-2021 · Retail FX broker FBS has announced the company is expanding to the Australian market after being granted an Australian Financial Services License (number 426359) and approval from the country’s financial watchdog, ASIC. Under the supervision of Australia’s regulator, FBS will be required to comply with the jurisdiction’s strict financial laws and ...read more


Forex License Cost | Offshore Forex License | Forex

Real ASIC Forex brokers are proud to be a part of the successful supervisory and regulation network and are happy to let people know about it on their websites. The ASIC registration and licence helps them to increase their customer base, given ASIC’s reputation and trust people have towards the organisation. Conclusion: Regulation is the Key ...read more


Retail FX broker ForexCT has ASIC license cancelled - FX

ASIC cancels the license of Forex broker Berndale Capital 1 reply. Looking for an ASIC broker that is equivalent of LMAX 24 replies. ASIC temporarily suspends the license of Direct FX 1 reply. ASIC cancels retail derivative issuers licence 0 replies. Need nsa, fsa or asic regulated broker that accepts liberty reserve 4 replies ...read more