Tag: Australia AFS license

September 01, 2016 BY LeapRate Staff

ASIC cancels license of IMS FX after omission of plans to sell the company

Australia financial regulator ASIC announced that it has won an Administrative Appeals Tribunal hearing against Retail Forex broker IMS FX Services Pty Ltd, allowing ASIC to make public its cancellation of IMF FX's regulatory license. The cancellation actually happened back in February, but was kept quiet under a confidentiality appeal by IMS FX. The Administrative Appeals Tribunal has…

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June 28, 2016 BY LeapRate Staff

ASIC cancels AFS license of Australian online trading and CFDs provider Advamode Financial

Australian financial regulator ASIC has announced that it has cancelled the Australian Financial Services (AFS) license of Queensland-based Advamode Financial Pty Ltd. Advamode offered a raft of financial services to Australian customers, including online trading with CFDs and Forex instruments. The cancellation was made at Advamode's request after the company was placed into liquidation on 4…

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April 22, 2016 BY LeapRate Staff

FX education site Traders4Traders has its ASIC license reinstated - LeapRate Exclusive

LeapRate Exclusive Interview... LeapRate has learned that popular Australia based FX trader education website Traders4Traders has had its Australian financial services (AFS) license fully reinstated by Australian regulator ASIC. We had reported back in February that ASIC had issued a temporary suspension order for Traders4Traders' license, after it found that Traders4Traders failed to lodge financial statements, auditor reports…

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