# Australian's using C2? Problems with Interactive Brokers

**URL:** <https://forums.collective2.com/t/australians-using-c2-problems-with-interactive-brokers/8119>\
**Category:** C2\
**Created:** [June 30, 2015, 12:57am UTC](https://forums.collective2.com/t/australians-using-c2-problems-with-interactive-brokers/8119 "2015-06-30T00:57:46Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![Cameron](https://yyz2.discourse-cdn.com/flex028/user_avatar/forums.collective2.com/cameron/32/12342_2.png) [@Cameron](https://forums.collective2.com/u/Cameron)\
**Post date:** [June 30, 2015, 12:57am UTC](https://forums.collective2.com/t/australians-using-c2-problems-with-interactive-brokers/8119/1 "2015-06-30T00:57:47Z")

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Hi, I am wondering if/how many of the C2 community are from the land down under. I understand that recently Interactive Brokers have run into a lot of trouble with the Aussie regulator ASIC including as of last week not allowing anyone in Australia to trade FX as per this article:  
[http://www.bloomberg.com/news/articles/2015-06-24/australia-regulator-blocks-interactive-brokers-currency-trading](http://www.bloomberg.com/news/articles/2015-06-24/australia-regulator-blocks-interactive-brokers-currency-trading)  
And before that coercing them to restructure their entire business and forcing them to pay $1.5m in fines:  
[http://asic.gov.au/about-asic/media-centre/find-a-media-release/2014-releases/14-336mr-asic-investigation-leads-to-interactive-brokers-refunding-15-million-to-australian-customers/](http://asic.gov.au/about-asic/media-centre/find-a-media-release/2014-releases/14-336mr-asic-investigation-leads-to-interactive-brokers-refunding-15-million-to-australian-customers/)

I am wondering, for trading stocks, are Aussie IB clients able to trade on margin at all now?

And if IB are no good now for C2 is there any other Aussie broker that can connect to C2?

Thanks.

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**Author:** ![Cameron](https://yyz2.discourse-cdn.com/flex028/user_avatar/forums.collective2.com/cameron/32/12342_2.png) [@Cameron](https://forums.collective2.com/u/Cameron)\
**Post date:** [June 30, 2015, 1:06am UTC](https://forums.collective2.com/t/australians-using-c2-problems-with-interactive-brokers/8119/2 "2015-06-30T01:06:02Z")

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This is also a good read about Interactive Brokers’ battle with ASIC:  
[http://www.aussiestockforums.com/forums/showthread.php?t=29292&page=2](http://www.aussiestockforums.com/forums/showthread.php?t=29292&page=2)