Inspection Reason

In recent many investors made telephone calls to WikiFX, expressing their hope for WikiFX to expose Australia licensed brokers whose real office addresses didn’t match their regulatory addresses. In order to help investors avoid fraudulent brokers, WikiFX decided to go to Englon’s office in Australia for more first-hand information. 

Office Building

As indicated by the regulatory information, Englon, an Australia licensed broker, is located at Level 6, 360 Collins Street Melbourne VIC 3000. The surveyor went to Englon’s office to conduct a field survey of the broker.

In order to complete the field survey task, the surveyor drove to the street on which the broker was located according to the regulatory information just after the breakfast, and found the quite modern office building very smoothly. The well-arranged green plants and the bright and soft light came to the surveyor’s eye at first from a bright and clean French window.

Featured Photos

The surveyor couldn’t wait but enter the large office building. Sure enough the lobby on the first floor was bright and clean, spacious and magnificent. The surveyor check the floor guide at once and was disappointed to find no information about Englon on the guide.

Taken into consideration of the fact that a broker not listed on a floor guide was not absolutely a broker whose real office address was different from its regulatory address,  so the surveyor took the elevator to the floor as indicated by the regulatory address and found not Englon’s name but the name of EightCap.

The surveyor saw a super large number eight one one side of the elevator once after walking out of the elevator. The quite recognizable logo was not the broker’s logo but the logo of EightCap. Unwilling to close the book on the surveyor, the surveyor walked around the entire floor. It was pity that the surveyor found neither the broker’s logo nor an office of the broker.

Conclusion

It was confirmed by the surveyor’s field surveyor that the Australia licensed broker’s real office address didn’t match its regulatory address. The broker’s two full licenses issued by ASIC and CySEC respectively and a STP license issued by FCA were cloned licenses in suspicion. Since the broker was under no valid regulation at present, please keep cautious when choosing the broker to avoid money loss.