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. Upon the investors’ request, the inspection personnel decided to visit the Australia licensed broker Blackrock to get more first-hand information.
Regulatory information shows the Australia licensed broker Blackrock is at Level 18, 120 Collins Street Melbourne VIC 3000, and the inspection team visited the broker at the site.
With the help of map navigation, the inspection personnel easily found the office building. On the exterior wall of the building, the personnel saw a company name “crestone”. To find out whether Blackrock shares the same building, the inspection personnel made further query.
The inspection personnel found the lobby at the ground floor is spacious and clean, and luxuriously decorated. They checked the floor guide and found no information about Blackrock at all.
Considering it is possible that Blackrock’s office is at a different floor from that shown by the regulatory information, the inspection personnel took the elevator to Floor 18 to make sure. It turned out the whole floor is resided by Crestone, thus the inspection personnel confirmed the inspection result.
The inspection team’s on-site inspection confirms the actual address of the licensed broker Blackrock in Australia doesn’t match the address from the broker’s regulatory information. The inspection team identified that the broker is regulated by SFC (license No.: AFF275) and MAS (license No. not published) at present. However, the broker’s common finance license (No.: 230523) issued by ASIC and investment consulting license (No. 178638) issued by FCA indicate that not all its businesses are licensed.
15-20 years | Regulated in Hong Kong | Regulated in Singapore | 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.