There is a very large number of regulated forex brokers in Australia, and in certain cases the regulatory addresses of different brokers are the same. In order to help investors know more about the brokers in Australia, this time the inspection team went to
Sydney, Australia to visit the broker ILLUZION as planned.
ILLUZION is AR licensed (the license has been canceled by now)by ASIC, with address at: 301 10 Bridge St Sydney NSW 2000.
The team arrived at the office building located at 10 Bridge Street, Sydney. It is a new building and very conveniently located.
There is no logo or other information of ILLUZION on the directory in the lobby. To further confirm whether ILLUZION’s office is at Level 3, the inspection team went to Level 3, but didn’t find any logo of ILLUZION, instead, the logo of Alpha Securities is shown there.
Through the on-site inspection, it is confirmed that at the address mentioned in the regulatory information there is no office of ILLUZION, which means the regulatory information is not true, but it should be noted the workplace bears the logo of Alpha Securities.The latest information shows that the dealer's license issued by ASIC has been canceled and the broker is currently under no regulation.Please be prudent if trading with this broker.
The content is for information purposes only and it is not intended as a recommendation or advice.
1-2 years | Regulated in Australia | Suspicious Regulatory License | <…
ILLUZION Group Pty Ltd
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.