Legal · AU · September 2026
ASIC retail vs offshore CFD: state the gap before you fund
FxPro is not AFSL-licensed and is not ASIC-regulated. Australian residents who open accounts are commonly reported on FxPro UK Limited (FCA FRN 509956). ASIC retail product intervention settings and AFCA membership are features of the local licensed market. Do not paste them onto an FCA UK agreement. Confirm the entity string in Direct. September 2026.
75%+ of retail investor accounts lose money trading CFDs.
What “ASIC retail” buys you (high level)
An AFSL CFD issuer sits under Australian Corporations Act licensing, ASIC retail CFD product intervention settings for that market, and AFCA for eligible complaints against AFCA members. That package is not what FxPro offers Australians on the facts we publish. Hub: legal Australia.
What an offshore FCA path usually means
Commonly reported Australian FxPro routing: FxPro UK Limited (FCA FRN 509956). That path follows FCA retail rules for clients under that entity and UK complaint processes for eligible complainants. AFCA does not apply. Leverage caps, incentive rules, and client-money detail are not a copy-paste of ASIC’s CFD product intervention order. Read the margin schedule attached to your agreement.
Product preference vs licence preference: FxPro review, vs Pepperstone.
Decision filter
- Need AFCA and ASIC retail settings as a hard policy? Shortlist AFSL brokers.
- Prefer FxPro platforms and accept an FCA UK contract? Verify entity, then fund small. Partner CTA after you accept the gap.
- Never treat a marketing logo as the contract.
FAQ
Is FxPro an ASIC retail CFD issuer?
No. Not AFSL, not ASIC-regulated. Commonly reported FCA UK path. Verify on your agreement.
What is the practical ASIC vs offshore gap?
ASIC-licensed retail firms follow Australian PIO settings and AFCA for relevant services. An FCA UK path follows UK rules and UK complaints. Not identical.
Does AFCA apply on FxPro?
AFCA does not apply to an FCA UK client agreement. Read legal Australia.
Where can I compare an AFSL alternative?
vs Pepperstone and the review. Confirm live terms before funding.