In recent, many investors made telephone calls expressing their hope for exposure of more Australia licensed brokers whose real addresses were fake. According to investors’ feedback, the surveyor went to the Australia licensed broker’s office to have a more intutitive view of the broker.
According to the regulation information, the Australia licensed broker was located at Level 8, 1 Alfred Street Sydney NSW 2000. The surveyor decided to visit the broker.
The surveyor went to the destination indicated by the regulation information and found not any office buildings nearby but a construction site under construction at that time.The surveyor asked several passerbys and then knew the office building indicated by the regulation address has stopped operation at present and was removed. The surveyor returned with tiredness and disappointment since it was unexpected that the trip for inspection became the trip to a construction site.
It was confirmed after the surveyor’s inspection that the real address of Kooforex’s office in Australia was different from its regulation address. The broker held an investment and advisory license (RN: 238428) issued by ASIC was suspected to be a cloned license. please keep cautious when choosing the broker.
2-5 years | Suspicious Regulatory License | MT4/5 White Label | Re…
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.