Recently, many investors made telephone calls to the inspection team, expressing their hope for the inspection team to expose more Australia licensed brokers whose actual addresses are inconsistent with that recorded by the regulator. To help investors get rid of potential risk to money safety, inspection personnel decided to visit the Australia licensed broker Berndale Capital to get more first-hand information.
Regulatory information shows the Australia licensed broker Berndale Capital is at Level 10, 379 Collins Street Melbourne VIC 3000, and the inspection team visited the broker at the site.
The inspection personnel found the office building easily as the address number “379” was strikingly placed. The office building is quite modern.
The inspection personnel found another address plate of the office building at one corner of the office building.
The inspection personnel entered the building through the main entrance, and checked the floor guide at the lobby. There was no information about Berndale Capital on the floor guide. To ensure inspection quality, the inspection personnel went to Level 10 by elevator, and still didn’t find any information about Berndale Capital on the floor guide put at the corridor.
The inspection personnel found no logo or office of Berndale Capital after searching the whole floor. Disappointed, the inspection personnel left the office building.
The inspection team’s on-site inspection confirms the actual address of the licensed broker Berndale Capital in Australia doesn’t match the address from the broker’s regulatory information. The inspection team identified that the broker is under no valid regulation at present as the broker’s full license (No. 290108) issued by ASIC is canceled.
2-5 years | Regulated in Australia | Suspicious Regulatory License | <…
BERNDALE CAPITAL SECURITIES PTY LTD
+61 3 8609 9789
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.