The Australian CFD and FX Association has pushed back against the corporate regulator’s proposals to crack down on Australia’s multi-billion-dollar retail derivatives sector, warning that the recommended changes will not address the harm caused to investors but could decimate the industry. The main differences between CFD trading and Forex trading is that CFD trading involves different types of contracts covering a diverse set of markets, such as indices, energy, and metals, whereas Forex offers pure currency trading. Representing over 60% of Australian CFD & FX providers by market share, Australian Retail OTC Derivative Association is determined to raise benchmarks within the industry. Our 16 Best Practice Standards, authorised by the ACCC, include the mandatory full segregation of client money and greater capital adequacy standards, which we believe, along Australian retail FX and CFD brokerages are among the highest quality in the world, and are led by extremely experienced senior executives who have created a ‘halo effect’ within the entire industry globally in that most retail FX firms look to Australia as a bastion of success and good business ethic, and rightly so. Members of the CFD & FX Forum are committed to setting high CFD & FX industry service and client protection standards. The Australian Retail OTC Derivative Association will not be held liable for in any way for any direct, indirect, special or consequential damages from the use of this site, or any external links to other websites. The Australian CFD and FX Association has pushed back against the corporate regulator’s proposals to crack down on Australia’s multibillion-dollar retail derivatives sector, warning that the What is the Australian CFD and FX Forum? CMC Markets co-founded the CFD Forum in 2012 to continually raise industry standards and provide greater protection against one of the biggest issues facing many CFD and FX traders in Australia today – to ensure client money is held safely in a segregated, Australian bank account and not used for hedging or any other operational purpose.
The Australian CFD and FX Association has pushed back against the corporate regulator’s proposals to crack down on Australia’s multi-billion-dollar retail derivatives sector, warning that the recommended changes will not address the harm caused to investors but could decimate the industry. The main differences between CFD trading and Forex trading is that CFD trading involves different types of contracts covering a diverse set of markets, such as indices, energy, and metals, whereas Forex offers pure currency trading. Representing over 60% of Australian CFD & FX providers by market share, Australian Retail OTC Derivative Association is determined to raise benchmarks within the industry. Our 16 Best Practice Standards, authorised by the ACCC, include the mandatory full segregation of client money and greater capital adequacy standards, which we believe, along Australian retail FX and CFD brokerages are among the highest quality in the world, and are led by extremely experienced senior executives who have created a ‘halo effect’ within the entire industry globally in that most retail FX firms look to Australia as a bastion of success and good business ethic, and rightly so.
Joel Murphy is CEO of Eight Cap and is a Director of the Australian CFD & FX Association. Joel Murphy has been part of the Australian Retail FX landscape for the past 5 years working in senior roles at Pepperstone and Go Markets before taking over management and relaunching Eightcap in 2015. The Australian CFD and FX Association says reform plans by the Australian Securities and Investments Commission have failed to tackle unregulated and fraudulent local and offshore operators.
The Australian CFD and FX Association (“Association”) is an alliance of domestic retail OTC derivative providers, established to promote investor protection and healthy industry competition and standards. Combined, the current members of the Association contribute to the Australian economy by: Australian Retail OTC Derivative Association Aims and Objectives Developing and implementing standards to enhance the efficient operation, transparency, and overall investor confidence in CFDs & FX and the CFD & FX industry. The Australian CFD and FX Association has pushed back against the corporate regulator’s proposals to crack down on Australia’s multi-billion-dollar retail derivatives sector, warning that the recommended changes will not address the harm caused to investors but could decimate the industry.
Trading forex (currencies) in Australia is popular among residents and international traders seeking an Australian-based broker. Before any fx broker in Australia can accept forex and CFDs traders, they must become authorised by the Australian Securities & Investment Commission (ASIC), which is