Australia-licensed Learn to Trade, which offers coaching and training services online for margin forex and contracts for difference (CFD) trading, has failed to comply with local financial services laws, and thus, the local regulator has imposed “additional licence conditions” on it.

Join IG, CMC, and Robinhood in London’s leading trading industry event!

A Licensed Forex Trading Education Platform

According to the Australian Securities & Investments Commission’s (ASIC) announcement today (Tuesday), Learn to Trade failed to comply with a number of its Australian financial services (AFS) licence obligations, which required the lodgement of certain financial documents and notifications.

Learn to Trade obtained the AFS licence in January 2010, which allows the platform to provide financial product advice about derivatives, foreign exchange contracts and securities to retail and wholesale clients.

Apart from the Australia-focused platform, Learn to Trade also established a presence in the United Kingdom under a separate local entity. ASIC action is only against the Aussie business of the brand.

The action came a couple of weeks after the Aussie regulator outlined its enforcement priorities for 2026, which include “financial reporting misconduct, including failure to lodge financial reports.”

[#highlighted-links#]

“Likely to Continue Contravening Its Obligations”

The Australian regulator has now revealed that the company failed to lodge its annual financial statements and audit report for the last two consecutive financial years, those ending in 2023 and 2024, within the prescribed timeframe.

The regulator also highlighted that the company was late in lodging the required financial statements multiple times since 2012.

ASIC has now concluded that “in the future, LTT was likely to continue contravening its obligations under financial services laws.”

The Sydney-based company even failed to notify the regulator about the appointment of a new auditor.

Following the alleged lapses, the regulator’s new licence conditions require Learn to Trade to appoint an independent compliance consultant to review and assess its procedures for ensuring that it lodges an auditor’s report and financial statements as required under its licence conditions within the prescribed timeframe.

Additionally, the consultant needs to consider the company’s “procedures and frameworks for monitoring its compliance with the financial services laws, for identifying and reporting breaches and other relevant policies and procedures.”

The regulator further explained that the consultant must provide the regulator with two separate reports so that it can assess whether Learn to Trade is likely to comply with its obligations in the future or whether further action may be needed.

FinanceMagnates.com reached out to Learn to Trade but did not receive any response as of press time.

Source: Finance Magnates