The Australian Securities & Investments Commission has cancelled the Australian financial services licence of contracts for difference issuer Trive Financial Services Australia Pty Ltd, effective 1 July 2026. The licence was cancelled because Trive was no longer carrying on a financial services business in Australia. Trive was one of 52 licensed CFD issuers reviewed by ASIC in its whole-of-industry assessment of the sector. After ASIC identified serious deficiencies in some of Trive’s processes, the firm agreed to stop onboarding new clients in April 2025. The cancellation has been recorded on ASIC’s Professional Registers, and Trive may apply to the Administrative Review Tribunal to review the decision. ASIC’s broader CFD review, announced in January 2026, led to nearly AUD 40 million being returned to more than 38,000 retail investors and drove compliance improvements in target market determinations, onboarding, reporting and monitoring of trading outcomes.
Australian Securities & Investments Commission2026-07-09
Australian Securities & Investments Commission cancels Trive Financial Services Australia AFS licence after CFD issuer ceased operating in Australia
The Australian Securities & Investments Commission has cancelled the AFS licence of CFD issuer Trive Financial Services Australia Pty Ltd, effective 1 July 2026, because it was no longer carrying on a financial services business in Australia. Trive had previously stopped onboarding new clients after ASIC found serious deficiencies in its processes during a wider review of 52 CFD issuers. The firm may seek a review through the Administrative Review Tribunal.