Choosing a CFD broker in Australia: what ASIC’s compliance reviews reveal
In the 2023–24 financial year, 68% of Australian retail clients lost money trading Contracts for Difference (CFDs), with total net losses exceeding $458 million. As part of a massive sector-wide integrity initiative, the Australian Securities and Investments Commission (ASIC) scrutinized 52 CFD issuers from October 2024 to December 2025 to determine if retail distribution practices…