Are there changes to my regulatory protections?

Yes. Following the transfer, your account will be regulated by the Central Bank of Ireland rather than by ASIC. Your key protections will continue to apply. These include leverage limits, automatic margin close-out and negative balance protection. The main differences are:

• Complaints may be referred free of charge to the Financial Services and Pensions Ombudsman in Ireland, whose decisions are binding on both you and the firm.
• The firm will not be bound by the fixed 30-day complaint response deadline that applies in Australia.
• Maximum leverage on Australian dollar currency pairs will be 20:1 rather than 30:1.
• Your account will be covered by the Investor Compensation Scheme in Ireland, up to €20,000, should the firm fail.

Should you prefer to remain with a broker licensed in Australia, you should consider opting out of the transfer.