Reason for this visit

To help investors have good knowledge of regulated brokers in Australia, the survey team this time visited Royal, a broker based in Sydney, Australia. 

Regulatory Information

The broker Royal holds a MM license authorized by ASIC. According to the regulatory information, its registered address is: Level 7, 1 York Street, SYDNEY NSW 2000.

On-site visit

The address for this on-site visit is Grosvenor Place' Level 31, 225 George Street, SYDNEY NSW 2000.    

The survey team were scheduled to visit the office building located at 225 George Street, Sydney, Australia. The building named “Grosvenor Place” looks quite new and modern. 

Entering the building, the team didn’t find the logo or other information of Royal on the directory of lobby. Later, they went to the 31st floor where there was a logo of Royal on the directory. However, the team failed to find the office of Royal. Obviously, the broker had moved away.   

Conclusion

It is confirmed after the team’s visit that the Royal's office on the site had been moved. And it is unavailable for the new office address. Please be prudent when trading with this broker. 

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.