Forex trading in Australia has been gaining traction for some time now. Yet, with the unprecedented chaos caused by COVID-19, retail trading accounts are being created at 3.4x the rate than in previous years. In 2019, ASIC announced that the financial authority was moving to strengthen CFD and forex regulation to combat the large losses Australian CFD and forex traders were incurring. While many anticipated the changes to come into effect at the beginning of 2020, it’s assumed the uncertainty and instability caused by COVID-19 caused ASIC to hold off. Yet, unexpectedly, on 23 October the regulator stated that major ... (full story)