ACY Securities Supports ASIC’s Product Intervention Order
- "Measures introduced to improve customer outcomes will also benefit the CFD industry in supporting brokers."
ACY Securities, one of Australia’s leading FX and CFD providers, welcomes ASIC’s Product Intervention Order announced today.
Justin Pooni, Head of Branding & Communications at ACY Securities said that ACY Securities supports ASIC in its decision to introduce greater protections for clients and shield them from excessive risk.
“We welcome ASIC’s long-awaited announcement ensuring greater client protection, and we support ASIC’s efforts in implementing robust and proportional Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term in the margin and CFD sector,” said Mr Pooni in a statement this morning.
He went on to say “ACY Securities are of the view that measures introduced to improve customer outcomes will also benefit the CFD industry in supporting brokers who already put customers first. CFD traders should choose their provider carefully and these improvements will create higher barriers to entry into the Australian financial industry so that hopefully only the best brokers remain to serve FX and CFD clients.”
From 29 March 2021, ASIC’s product intervention order will restrict CFD Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term offered to retail clients to a maximum ratio of:
- 30:1 for CFDs referencing an exchange rate for a major currency pair
- 20:1 for CFDs referencing an exchange rate for a minor currency pair, gold or a major stock market index
- 10:1 for CFDs referencing a commodity (other than gold) or a minor stock market index
- 2:1 for CFDs referencing crypto-assets
- 5:1 for CFDs referencing shares or other assets
About ACY Securities
ACY Securities specialises in financial derivatives, including CFDs in FX, stocks, indices and commodities in over 700 markets. ACY Securities Pty Ltd is licensed and regulated by the Australian Securities and Investments Commission (AFSL 403863).
ACY Securities, one of Australia’s leading FX and CFD providers, welcomes ASIC’s Product Intervention Order announced today.
Justin Pooni, Head of Branding & Communications at ACY Securities said that ACY Securities supports ASIC in its decision to introduce greater protections for clients and shield them from excessive risk.
“We welcome ASIC’s long-awaited announcement ensuring greater client protection, and we support ASIC’s efforts in implementing robust and proportional Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term in the margin and CFD sector,” said Mr Pooni in a statement this morning.
He went on to say “ACY Securities are of the view that measures introduced to improve customer outcomes will also benefit the CFD industry in supporting brokers who already put customers first. CFD traders should choose their provider carefully and these improvements will create higher barriers to entry into the Australian financial industry so that hopefully only the best brokers remain to serve FX and CFD clients.”
From 29 March 2021, ASIC’s product intervention order will restrict CFD Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term offered to retail clients to a maximum ratio of:
- 30:1 for CFDs referencing an exchange rate for a major currency pair
- 20:1 for CFDs referencing an exchange rate for a minor currency pair, gold or a major stock market index
- 10:1 for CFDs referencing a commodity (other than gold) or a minor stock market index
- 2:1 for CFDs referencing crypto-assets
- 5:1 for CFDs referencing shares or other assets
About ACY Securities
ACY Securities specialises in financial derivatives, including CFDs in FX, stocks, indices and commodities in over 700 markets. ACY Securities Pty Ltd is licensed and regulated by the Australian Securities and Investments Commission (AFSL 403863).