The Australian Securities and Investments Commission (ASIC) is an independent commission of the Australian Government tasked as the national corporate regulator. ASIC’s role is to regulate company and financial services and enforce laws to protect Australian consumers, investors and creditors. Wikipedia

CFD stands for Contract for Difference. It is a popular derivative product that allows traders to speculate on the price movements of various financial instruments without owning the underlying asset. CFDs provide an opportunity to profit from both rising and falling markets.  CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs.