Regulatory Alerts2025-12-05
ASIC issues DDO stop order against FXCM for TMD deficiencies
ASIC issued an interim stop order against Stratos Trading Pty Limited (FXCM) prohibiting the issuance of contracts for difference to retail clients due to deficiencies in its target market determination. The regulator determined that FXCM’s target market inappropriately included investors with a medium risk appetite, rendering the leveraged products unsuitable for such consumers. The order remains valid for 21 days unless revoked earlier, though it does not prevent existing clients from varying or closing their positions.
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