CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Most retail accounts lose money.
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ASIC court case over eToro's Australian CFD target market

ASIC sued eToro's Australian entity in 2023, alleging its CFD target market was too broad and its screening test too easy to pass. Reports in late 2025 described a trial after an earlier settlement fell through, and later a settlement; we have not confirmed the final court orders.

By , investing in forex and CFD markets since 2017. Published . How we test

Key points

  • ASIC's first design and distribution case targeted eToro's CFD screening
  • Reports describe a trial and later a settlement
  • Final court orders not yet confirmed by us

ASIC sued eToro's Australian entity in 2023, alleging that its CFD target market was too broad and its screening test too easy to pass. It was ASIC's first court action under the design and distribution rules.

Reports in late 2025 described a trial after an earlier settlement fell through, and later a settlement. We have not been able to confirm the final court orders.

The case concerns how eToro decided who could trade CFDs in Australia, not the safety of client money. We will update this article when the court's final orders are published.

This item is shown as a warning on our rankings for Australia.

Source: ASIC media release 23-204MR. Written in our own words by the Broksal Team; see our methodology for how we cover news.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Each broker publishes its own current loss percentage on its website.

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