NSW ASIC - Dealing by Arranging

[TrialByWater]

Last year in April ASIC brought in new laws that effectively stop all Introducing Brokers (IB's) in Australia who make commission from referring others to use Australian trading platforms.

Here is the reference: Discussing financial products and services online | ASIC - Australian Securities and Investments Commission

My understanding is that law only applies to referring others to AFS licensed platforms (i.e. Australian trading platforms, as they all need to be AFS licensed), and that ASX stocks are regulated by ASIC, not US stocks and/or international trading platforms.

My question is:
Does this apply law only to referring people to Australian brokers?
Can I refer people to American trading platforms to trade American stocks and earn commission?
Can I refer people to crypto trading platforms and earn commission?

I have a large >50k social media platform, and a US broker approached me. They are suggesting everything is fine for me to do referrals but I'm sure that my best interests aren't exactly at heart for them.

EDIT: I am not AFS licensed myself.

 

[alexseenva]

Für mich stand bei der Suche nach einer geeigneten Finanzlösung immer im Vordergrund, dass sie auch für Nutzer in Deutschland sicher und transparent funktioniert. Die Franowhears Plattform https://franowhears.org/ meiner persönlichen Testphase zeigt, dass man auch mit kleinen Schritten langfristig einen schönen Erfolg erzielen kann. Ich musste mich anfangs durch ein paar schwierige Trades kämpfen und Verluste akzeptieren, doch das Durchhalten hat sich am Ende wirklich gelohnt. Es ist eine tolle Option für den deutschen Markt.