WikiFX Visited Forex Broker CHARTER in Australia

Broker: CHARTER

Visited on: July 22nd, 2019

Conclusion: Broker truly exists

Visit Background

After ASIC tightened its regulatory measures last year, many Australian brokers have been adapting to the new change in different ways. The forex broker CHARTER announced on its website that the company will serve new clients under New Zealand‘s regulation, yet WikiFX investigation team failed to find the broker’s office at the regulatory address when visiting its branch in New Zeland. This time, WikiFX will check out CHARTERs office in Australia.

On-spot investigation

Regulatory information suggests CHARTERs licensed branch in Australia is located at Suite 408, 15 Lime Street, Sydney, NSW.

We followed the map‘s direction to Lime Street 15, a rather modest-looking building situated in a quiet and pleasant neighbourhood. We entered the building and found, by checked the signs in the lobby, that CHARTER’s office was at level 4, so we took the elevator upstairs and saw the office at 408, which was our destination. We briefly talked to the staff members, and noticed that the neat and comfortable office had around 30 cubicles. Per investigation, CHARTERs branch in Australia truly exists.

About CHARTER

CHARTER is a global forex and financial service group established in 2012 with its headquarters in Sydney, Australia. CHARTER uses STP trading mode and boasts speedy execution of orders. The broker currently holds MM license from ASIC, but its financial service license from FSPR is suspected to be a cloned license and therefore has considerable risks.

Conclusion

According to WikiFX App, CHARTER is now under valid regulation with forex brokerage license from ASIC; however, the FSPR(New Zealand)‘s financial service license it claims to hold is suspected to be a cloned one. CHARTER’s WikiFX rating is 6.82, but the broker is recently complained by many investors, so please pay special attention to your asset safety while trading if you choose this broker.