Why ASIC issued a Stop Order on Saxobank CFDs?

Dale Gillham, Chief Analyst and Head Trainer of Wealth Within

Published 05 June 2023 | By Dale Gillham

In this week’s Talking Wealth Podcast, Dale looks at ASIC’s stop order on Saxobank, as ASIC temporarily stopped retail clients from opening CFD accounts. According to ASIC, Saxobank had deficiencies in their Target Market Determination (TMD). Saxobank complied with the order, which was lifted, but it raises the question whether the changes will really mean anything for retail clients. 

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