In recent, quite a few investors made telephone calls to the inspection team, asking for more frequent exposure of Australia licensed brokers whose regulatory addresses were not accurate. In order to help investors avoid being victimized of scams, the surveyor decided to go to the office of the Australia licensed broker RocoForex for more first-hand information.
As indicated by the regulatory information, RocoForex , an Australia licensed broker, is located at Level 6, 360 Collins Street Melbourne VIC 3000. The surveyor decided to go to RocoForex ’s office for a field survey of the broker.
The surveyor found the the large office building smoothly according to the regulatory information. The office building was very modern. In order to complete the field survey task as soon as possible, the surveyor entered the building as indicated by the entrance signpost at once.
According to the field survey process, the surveyor checked the floor guide in the lobby. There was no information about the broker RocoForex. In order to confirm whether the broker had at least one office on the floor indicated by the regulatory information further, the surveyor took the elevator to Level 5 and found there was no information about the broker on the Level 5 directory.
The surveyor then came to Room 530 and found its was not RocoForex but a law firm that worked in the room.
It was confirmed by the surveyor’s field surveyor that the Australia licensed broker RocoForex’s real office address didn’t match its regulatory address. Since the broker’s full license (License No: 391441) issued by ASIC was confirmed to be a cloned license.
2-5 years | Suspicious Regulatory License | MT4/5 White Label | Re…
Roco International 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.