ASIC flags $40 million in refunds after review of risky financial products
CFDs are highly leveraged OTC derivatives causing significant retail losses; ASIC secured A$40 million in refunds and raised concerns about unclear marketing and investor harm.
Spread Betting or CFDs? A UK Trader's Guide to Tax-Free versus Taxable Forex with FCA-Registered Firms
Understanding the key differences between spread betting and CFDs is critical for forex traders in the UK to maximize profits and navigate tax implications.