FTX, IC Markets and IG are Australian derivatives sellers with most complaints in FY23

The Australian Monetary Complaints Authority (AFCA) has up to date the AFCA Datacube to indicate complaints knowledge from 1 July 2022 to 30 June 2023.

Amongst derivatives sellers, FTX Australia (at the moment in administration) tops the listing with 65 complaints, adopted by IC Markets with 32 complaints. Subsequent in line is IG Australia with 16 complaints.

Amongst Foreign exchange sellers, OzForex bought probably the most complaints (30 complaints), adopted by HIFX Australia and Vantage World Prime.

The AFCA Datacube is a part of AFCA’s dedication to offering entry to its knowledge in a clear and helpful option to corporations and shoppers. It consists of complaints knowledge for monetary corporations with 4 or extra complaints.

The information provides member corporations a statistical understanding of how they evaluate inside their industries. It may additionally assist shoppers and small companies make knowledgeable selections when sourcing monetary services.

Customers can search the AFCA Datacube by agency title, or filter by sort of agency, product, service or postcode. It consists of knowledge since AFCA’s inception on 1 November 2018.