ASIC Records $300 Million Penalty ! 3 Forex and CFD Brokers Deliberately Harming Clients, Destroyed

Author : Berita Valas | Published On : 19 Jun 2026

The online trading world was once again shocked by one of the largest legal decisions in the history of the Australian forex and CFD brokerage industry.

The Federal Court of Australia imposed a total penalty of approximately AUD 300 million on three CFD brokers found to be involved in serious misconduct against clients.

This amount is one of the largest financial penalties ever obtained by the Australian Securities and Investments Commission (ASIC) in a case related to retail derivatives trading services.

This case is not simply an administrative matter or a simple procedural error.

The Australian regulator believes that the business practices of these companies have caused significant losses to thousands of investors and represent a serious failure to fulfill their legal obligations to clients.

What makes this case even more intriguing is the identity of the brokers involved. Names such as USGFX, EuropeFX, and TradeFred were previously well known among international traders, including in the Asian region.

#USGFX #EuropeFX #TradeFred