FX companies in Australia which made the rash and irrational decision to run away to the Seychelles following the Australian Securities and Investments Commission (ASIC)’s plans last year to ban all onboarding of non-Australian clients as part of its proposals to create a very draconian system of regulation should now take stock and reconsider. The end of 2019 represented a culmination of animosity from ASIC toward what it terms the ‘margin FX industry’, something that has been brewing for many years, in the form of the release of official draft rulings on all aspects of CFD trading, largely related to the curtailing ... (full story)