ASIC Imposes Additional Licence Conditions on Learn to Trade Over Compliance Failures

The Australian Securities and Investments Commission (ASIC) has imposed additional conditions on Learn to Trade, an Australia-licensed provider of forex and CFD trading education. The regulator's action follows the company's failure to meet key obligations under its Australian financial services (AFS) licence.

Learn to Trade, which has been operating in Australia since 2010, provides margin forex and CFD training and coaching services to retail and wholesale clients. However, ASIC found that the company had repeatedly failed to lodge its annual financial statements and audit reports within the required timeframes for the 2023 and 2024 financial years. This breach of reporting obligations had been ongoing since 2012, with multiple late submissions identified by the regulator.

In response to these compliance failures, ASIC has introduced new licence conditions that require Learn to Trade to appoint an independent compliance consultant. This consultant will review the company's procedures for filing financial documents and ensuring future compliance with financial services laws. The consultant will also be tasked with assessing the company's broader compliance frameworks, including how it identifies and reports breaches. Two separate reports will be submitted to ASIC to evaluate whether Learn to Trade is likely to meet its obligations going forward.

The action comes shortly after ASIC outlined its enforcement priorities for 2026, which include addressing financial reporting misconduct and failure to submit required reports. This development serves as a reminder to other CFD brokers of the importance of adhering to financial services laws and reporting requirements.