Introduction

In the retail foreign exchange market, there is a very large number of FX traders in Australia, so it is only common that there are both regulated platforms and fraud platforms there.In order to help investors know more about the regulated FX brokers in Australia, this time the inspection team went to Sydney, Australia to visit the broker Elite Capitals as planned.

Regulatory Information

The broker Elite Capitals holds a MM license authorized by ASIC. According to the regulatory information, its registered address is: INTERNATIONAL CAPITAL MARKETS PTY, Level 4, 50 Carrington Street SYDNEY NSW 2000. The inspection team set out for this place.

Inspection Process

The inspection team arrived at the office building located at 50 Carrington Street. No logo of Elite Capitals is found at the entrance area of the building.

The inspection team entered the building, and found out from the signboards in the lobby that Level 4 is the office place of IC Market, not Elite Capitals.

To further verify whether Elite Capitals works in this building, the inspection team took the elevator to Level 4. The logo shown at the reception area also is that of IC Market. No logo or other information about Elite Capitals is found there.

Conclusion

The inspection team confirmed after the on-the-spot visit that there is no office of Elite Capitals at the address mentioned in the regulatory information, which means the given address is not true. The office place at the registered address of Elite Capitals shows the logo of IC Market. This session of Field Survey is presented as above.

Disclaimer

The information above is for reference only.