The Australian Securities & Investments Commission (ASIC) has revoked the AFS licence of Ricard Securities Pty Ltd, which is effective as of October 28, 2025. This decision reflects the growing regulatory pressure on brokers and financial service firms in Australia.
What happened
ASIC has announced that Ricard Securities’ Australian Financial Services (AFS) licence (No. 299 812) has been cancelled as of October 28, 2025. The company has held the license since May 5, 2006. FX News Group January 20, 2023.
Why it matters
For forex brokers and clients alike, this action is a sign that regulatory authorities in major jurisdictions are exerting pressure on members to comply with levies, audits, and financial reporting obligations. Firms providing forex/CFD services under an Australian jurisdiction should be aware that even legacy providers are being audited.
WikiLix Insight
From a broker-assessment point of view, this incident brings up two points:
If ASIC regulates a broker, check whether the firm itself is compliant with statutory audits, levies, or financial reporting — failure to comply may result in cancellation of their licence or further measures.
For clients, a cancelled licence results in reduced protection against a potential default under Australian regulations (compensation schemes, oversight, etc.). It is also an indicator that the broker may not be compliant with regulatory guidelines.
