ASIC Review Leads to Millions in Refunds After Widespread CFD Rule Breaches
After detecting major compliance failures, ASIC secures refunds for thousands of CFD traders and forces changes across the brokerage industry.
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:In the wake of the devastating floods that hit Ternate, XM, a leading online broker has stepped up to provide vital assistance to the affected communities. The company's humanitarian effort is a testament to its commitment to social responsibility and support for those in need.

In the wake of the devastating floods that hit Ternate, XM, a leading online broker has stepped up to provide vital assistance to the affected communities. The company's humanitarian effort is a testament to its commitment to social responsibility and support for those in need.
The broker officially stated on its website, In September 2024, XM teamed up with Human Initiative (HI) to deliver urgent aid to 245 victims affected by a devastating flash flood in Rua village, Ternate, North Maluku. The disaster claimed 18 lives and left numerous families homeless, creating an immediate need for essential supplies and food.
The broker provided fruit bundles, ready-to-eat meals, and a mobile kitchen that fed seventy people every day as part of our relief operations. According to the broker, this initiative was more than just an act of charity; it was a mission to rekindle hope and assist families in starting to rebuild their lives.
About XM
XM is a Forex and CFD broker based in Cyprus and regulated by several internationally renowned financial authorities, including ASIC, CYSEC, FSA, FSC, and DFSA. It offers a wide variety of financial instruments, including cryptocurrencies, stocks, metals, currency pairs, indices, energies, etc. Clients have access to several trading platforms, including MT4, MT5, and the XM mobile app, and can choose from four different account types. XM also offers a free demo account, educational resources, and 24/7 customer support.
If you wish to keep up with related news. Download the WikiFX app to make your trading experience safer and smoother.

Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

After detecting major compliance failures, ASIC secures refunds for thousands of CFD traders and forces changes across the brokerage industry.

The Australian Dollar (AUD) advanced against the US Dollar on Thursday after stronger-than-expected employment data reinforced expectations that the Reserve Bank of Australia (RBA) may maintain a tighter monetary policy stance for longer. Meanwhile, the US Dollar remained steady as easing trade tensions offset reduced expectations for near-term Federal Reserve rate cuts.

Do BDFX officials mislead you with poor market advice that leads to capital losses? Do you feel they themselves cannot trade the risk management analysis perfectly? Did the Comoros-based forex broker close your forex trading account and steal your funds? Did your numerous fund withdrawal requests go in vain? These are potential forex investment scams. Many traders have highlighted these trading issues on broker review platforms. Check out some of their complaints in this BDFX review article.

Did PURE MARKET stop processing payments after receiving deposits on the trading platform? Do you get a sense of a Ponzi scheme when trading with PURE MARKET? Does the broker intentionally delay your fund withdrawals? Have you faced a profit deduction on account of a wrong, arbitrary claim by the broker? Does the broker change the spread frequently to cause you losses? In this PURE MARKET review article, we have investigated these complaints against the Vanuatu-based forex broker. Keep reading!