Trading Scam News Editor - May 6, 2024: Australian Regulators ASIC Australia Scam Alerts First-time trader? Be aware of the risks

ASIC is concerned by recent increases in the number of new retail investors who may be unaware of their risk exposure.There are now 1.25 million active online traders in Australia, of which 435,000 placed their first trade on a share market in the 2020 calendar year, according to research firm Investment Trends.[1] Almost half (49%) of first-time investors surveyed were aged between 25 and 39, while 18% were under 25 years old.

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