ASIC extends trading prohibitions for CFDs

This week, ASIC announced that it had extended CFD trading restrictions and added 5 years (until 2027). The set of new prohibitions focused on limiting the leverage that brokers could offer retail clients when trading CFDs, introducing the ability to avoid a negative balance. ASIC has only extended the trading requirements so far, but they are likely to be permanent. Such restrictions have already brought positive results – reduced net losses on retail customers’ accounts.

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