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The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
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Finance Magnates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Neither party shall be liable to the other for any failure to perform any obligation under any Agreement which is due to an event beyond the control of such party including but not limited to any Act of God, terrorism, war, Political insurgence, insurrection, riot, civil unrest, act of civil or military authority, uprising, earthquake, flood or any other natural or man made eventuality outside of our control, which causes the termination of an agreement or contract entered into, nor which could have been reasonably foreseen.
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The watchdog has expressed to a number of regulated and unregulated brokerages that they are not allowed to advertise and onboard Australian residents. ASIC is highlighting in its announcement that the unlicensed client on-boarding and advertising activity of binary options brokers and affiliates in Australia has increased substantially. The watchdog has issued notices to 40 companies which have been engaging in unregulated activities. In contrast to most regulators that have gone after binary options providers in the past, ASIC is going after the marketing subsidiaries of some brokers as well as some affiliate websites themselves.
The ASIC went on to contact binary option review websites, binary option trading signal providers, binary option broker affiliate websites as well as forex and CFDs brokers and managed FX service providers.
The regulator divided the companies which it approached into two groups. The first set of companies have expressed their willingness to get more information about licensing their services in the country.
The websites in question have also had to remove from their pages any references to Australia and cease marketing campaigns directed at Australian investors. In addition, the companies have adhered to the recommendations of ASIC to educate their introducing brokers and affiliates to stop targeting Australian investors and to close down existing Australian accounts.
Some of the companies which have adhered to the ASIC request have expressed interest in obtaining the appropriate financial services regulation to onboard clients in Australia.
The regulator states that it has provided the companies with information about the process of getting an Australian Financial Services AFS license. Finance Magnates is a global B2B provider of multi-asset trading news, research and events with special focus on electronic trading, banking, and investing. For more information, read our terms and conditions. You are using an outdated browser. Please upgrade your browser to improve your experience.
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This exclusive report aims to serve as a manual, answering all of the questions on the Chinese multi-asset trading industry that you were always afraid to ask. You can Call us or simply leave your details and we will get back to you shortly. In using this website you are deemed to have read and agreed to the following terms and conditions: Privacy Statement We are committed to protecting your privacy.
Confidentiality We are registered under the Data Protection Act and as such, any information concerning the Client and their respective Client Records may be passed to third parties. We will not sell, share, or rent your personal information to any third party or use your e-mail address for unsolicited mail.
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