The inspection team continued its survey campaign as part of the effots to inspect the authenticity condition within the industry. For this session, the inspection team sent its staff to Australia to visit a broker named RIP LIMITED.
The company purports to be operating from Level 6, 360 Collins Street, Melbourne, Australia. The inspection team sent its survey staff there.
With the help of navigation, the inspection team’s surveyors had no trouble finding their target - a large, modern office building. Through the clear floor-to-ceiling glass door, the surveyors could see a magnificent, spacious and bright hall. They then entered the building and checked a floor guide on an electronic screen. The guide did not display any information about RIP LIMITED.
To double-check, the surveyors still went to the Sixth Floor as the address they’d got says, and found that there were four office areas on that floor, but none of them belonged to RIP LIMITED. Unwilling to give up so soon, the surveyors searched around the whole corridor, but still did not see the office area or the logo of RIP LIMITED. Instead, they saw another forex company, EightCap, which adopted a huge number “8” logo to signal its presence.
A field survey to the company’s purported business premises did not find RIP LIMITED’s physical presence. In addition, the company’s claim to hold an Australian ASIC license (391441) is likely untrue, as the registration details pertaining to the license belong to another entity.
Scam Brokers | 2-5 years | Suspicious Regulatory License | Counter…
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.