The Australian financial services regulator has cancelled the licence of Auric International Markets, which operated as a forex and contracts for differences (CFDs) broker under the brand AIMS. Although announced today (Tuesday), the licence cancellation became effective on 11 August 2025.
Failure to Comply with Licence Requirements
The Australian Securities and Investments Commission (ASIC) said AIMS’ licence was cancelled as the company failed to submit financial statements, comply with financial services laws, and meet the required organisational competence.
The CFDs broker also failed to pay industry funding levies for over 12 months and did not notify the regulator of changes to company details, including business addresses and office holders.
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“ASIC can cancel or suspend an AFS licence if it believes it is likely to breach its general obligations under law, including the obligation to provide services efficiently, honestly and fairly,” the regulator stated.
A Global Broker
Although AIMS’ ASIC licence has been cancelled, the broker continues to operate in offshore markets, particularly in the Asia-Pacific region.
The broker still holds a money brokering licence from the Labuan Financial Services Authority (LFSA) and a derivatives broker licence from the Securities and Exchange Regulator of Cambodia (SERC).
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According to AIMS’ website, it has 93,000 traders and operates in 17 countries, including Australia, Dubai, Malaysia, Vietnam, Cambodia, Japan, Korea, Indonesia, Hong Kong, China, India, Thailand, Africa, Europe, Colombia and Brazil.
The website also highlights that the platform has handled USD 2,040.71 billion in trading volume, though it does not specify a timeframe.
AIMS received its Australian Financial Services licence on 12 December 2012, authorising it to provide financial product advice and deal in financial products, including derivatives, foreign exchange contracts, debentures and securities, to wholesale clients.
Meanwhile, AIMS is not the only CFDs broker to lose its ASIC licence recently. Last year, the Aussie regulator cancelled the licences of Xtrade, FXOpen and Prospero Markets.
The Australian financial services regulator has cancelled the licence of Auric International Markets, which operated as a forex and contracts for differences (CFDs) broker under the brand AIMS. Although announced today (Tuesday), the licence cancellation became effective on 11 August 2025.
Failure to Comply with Licence Requirements
The Australian Securities and Investments Commission (ASIC) said AIMS’ licence was cancelled as the company failed to submit financial statements, comply with financial services laws, and meet the required organisational competence.
The CFDs broker also failed to pay industry funding levies for over 12 months and did not notify the regulator of changes to company details, including business addresses and office holders.
You may also like: Australia Will Now Take Down Social Media Ads Promoting Investment Scams
“ASIC can cancel or suspend an AFS licence if it believes it is likely to breach its general obligations under law, including the obligation to provide services efficiently, honestly and fairly,” the regulator stated.
A Global Broker
Although AIMS’ ASIC licence has been cancelled, the broker continues to operate in offshore markets, particularly in the Asia-Pacific region.
The broker still holds a money brokering licence from the Labuan Financial Services Authority (LFSA) and a derivatives broker licence from the Securities and Exchange Regulator of Cambodia (SERC).
Read more: Doo Group Confirms Malaysia Office “Inspections” in Nationwide Call Centre Sweep
According to AIMS’ website, it has 93,000 traders and operates in 17 countries, including Australia, Dubai, Malaysia, Vietnam, Cambodia, Japan, Korea, Indonesia, Hong Kong, China, India, Thailand, Africa, Europe, Colombia and Brazil.
The website also highlights that the platform has handled USD 2,040.71 billion in trading volume, though it does not specify a timeframe.
AIMS received its Australian Financial Services licence on 12 December 2012, authorising it to provide financial product advice and deal in financial products, including derivatives, foreign exchange contracts, debentures and securities, to wholesale clients.
Meanwhile, AIMS is not the only CFDs broker to lose its ASIC licence recently. Last year, the Aussie regulator cancelled the licences of Xtrade, FXOpen and Prospero Markets.
