Exclusive: ASIC Broker License Hits Whopping $4 Million
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Exclusive: ASIC Broker License Hits Whopping $4 Million
If you were thinking about obtaining an Australian license to provide high leverage trading to your clients, we have some bad news. The prices of companies regulated in Australia and permitted to offer CFD brokerage services have skyrocketed in recent months.
According to trusted sources, a price of $4 million (that is USD) is what you will have to pay if you badly want one. The trend-setting changes of regulations in Europe have caused brokers to look for alternative regulatory jurisdictions in record numbers.
The ASIC has been reluctant to give out new retail broking licenses for some time now. Fearing repercussions ... (read more)
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