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Trading tournaments in Australia
Australia is low-medium density — ASIC's 2021 CFD product intervention order is the structural ceiling on contest density. Took effect Mar 29 2021; extended five years in 2022 (through 2027). Caps retail CFD leverage at 30:1 majors / 20:1 minors and critically **prohibits 'prohibited benefits' — trading credits, rebates, free iPads, or any inducement to open a CFD account, deposit funds, or start trading** — kills cash-prize CFD/forex contests for AU retail residents (identical effect to FCA UK regime). The **ASX Schools Sharemarket Game** is the flagship native AU competition — annually Games 1 + 2, Years 7-12 in AU + NZ, university edition with $1,500 cash prize. 2026 Game 1: Mar 12 – Jun 18, registrations close Apr 23. **University Network for Investing and Trading (UNIT)** is the largest student finance society (11,000+ members, 6 unis: USyd / UNSW / Macquarie / UMelb / Monash / UQ) — runs sponsored case + investing comps (Citi Global Markets, Allegro PE, BDO DD), but these are case-pitch not PnL leaderboards. **CMC Markets National Trading Challenge** (Trans-Tasman, hosted by University of Auckland Case Club, $2K pool, $50K virtual) is a small recurring AU+NZ uni event. Crypto exchanges (Kraken AU, Coinbase AU, Independent Reserve, Swyftx, BTC Markets, CoinSpot) run no AU-specific tournaments — global Kraken Pro Futures Leaderboard inherits AU access.
ASX Schools Sharemarket GameCMC Markets National Trading Challenge (AU+NZ)UNIT cluster (USyd/UNSW/UMelb/Monash/UQ/Macquarie)Kraken Pro Futures Leaderboard (AU eligible)FTMO Australia / FundedNext / The5ers (offshore prop)Independent Reserve / Swyftx / BTC Markets (no contests)
ASIC inducement ban kills cash-prize broker contests (mirrors FCA UK). Binance Australia derivatives AFSL cancelled Apr 2023.
Regulation
ASIC (Australian Securities and Investments Commission) regulates capital markets. AUSTRAC handles AML/CTF + Digital Currency Exchange (DCE) registration. ASIC 2021 CFD product intervention order is the headline constraint — extended through 2027, prohibits inducement bonuses identical to FCA UK / ESMA. **Binance Australia derivatives shut down April 2023 (ASIC AFSL cancellation)** — spot Binance.com still accessible but DCE register cancellation. MyCryptoWallet defunct. HyperVerse / HyperFund (AU Ponzi) defunct.
