ASIC regulation

MattKoola

Tham gia từ Jul 05, 2017 4bài viết

Nov 28, 2019 at 12:12

Tham gia từ Jul 05, 2017 4bài viết

I read somewhere that ASIC protests only Aussie funds. If an Australian (forex) broker becomes insolvent how does ASIC regulations make sure foreign client gets their deposits?

mattkoola@

Laige

Tham gia từ May 11, 2019 22bài viết

Jan 22, 2020 at 18:04

Tham gia từ May 11, 2019 22bài viết

Very interesting point, how to work with all that matter anyway. Do you have any solution for that matter or not? I do not clearly see it coming for whatever reason being done. I am scary to deal with Forex people anyway from Australia.

Ekvador

Tham gia từ Jul 16, 2014 10bài viết

Feb 28, 2020 at 08:07

Tham gia từ Jul 16, 2014 10bài viết

you need to visit the official website of ASIC.

saturdayresearch

Tham gia từ Nov 25, 2019 9bài viết

Feb 28, 2020 at 10:50

Tham gia từ Nov 25, 2019 9bài viết

I read this is the case but at least there is good regulation

Ekvador

Tham gia từ Jul 16, 2014 10bài viết

Feb 28, 2020 at 10:52

Tham gia từ Jul 16, 2014 10bài viết

Now top regulations FCA and ASIC .

Trallod

Tham gia từ Oct 30, 2019 22bài viết

Jun 21, 2020 at 14:31

Tham gia từ Oct 30, 2019 22bài viết

If a brokerage company has regulation, then it's fine. Because usually the regulator provides insurance of certain amounts in case traders lose money through the fault of the brokerage company. The only limitation is that they do not compensate very large amounts, but in the range of 10-20 thousand dollars they usually do.

marco_mmbiz

Tham gia từ Jul 20, 2019 338bài viết

Jun 29, 2020 at 15:10

Tham gia từ Jul 20, 2019 338bài viết

MattKoola posted:
I read somewhere that ASIC protests only Aussie funds. If an Australian (forex) broker becomes insolvent how does ASIC regulations make sure foreign client gets their deposits?

As an "offshore trader" you're not allowed to use ASIC-regulated brokers anymore (since January 2020).
If there's any broker out there who's still offering his ASIC-regulated forex services to offshore-clients, then just stay away.
Always look for a regulation that is still allowed in your area (like NFA for USA; Cysec/FCA/BaFin/ICB/FinMa ... for Europe, ASIC for Australia, FCA for UK, IFSC for all other offshore traders).

patience is the key

LyudmilLukanov

Tham gia từ Jul 23, 2020 816bài viết

Sep 18, 2020 at 15:09

Tham gia từ Jul 23, 2020 816bài viết

You can make a complaint in writing or by phone through ASIC official website. You also find a video tutorial in their website regarding how to complain.

marco_mmbiz

Tham gia từ Jul 20, 2019 338bài viết

Nov 25, 2020 at 10:00

Tham gia từ Jul 20, 2019 338bài viết

MattKoola posted:
I read somewhere that ASIC protests only Aussie funds. If an Australian (forex) broker becomes insolvent how does ASIC regulations make sure foreign client gets their deposits?

Since January 2020 ASIC/AFC regulated brokers are NOT allowed to onboard foreign clients anymore. Such brokers need to give you an account in your regulated territory then (like ESMA/Cysec for the whole EU, CTFC/NFA for USA, IFSC for offshore, FCA for UK, or similar).

patience is the key

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