A Visit to Forex Broker Elite Capitals in Australia

Broker: Elite Capitals

Address: INTERNATIONAL CAPITAL MARKETS PTY, Level 4, 50 Carrington Street SYDNEY NSW 2000

Visited by: WikiFX

A forex investor lately gave a call to WikiFX, hoping to learn more about the broker Elite Capitals' regulatory information and business conditions.

Through a knock-out search, WikiFX finds that although Elite Capitals claimed to be regulated by the Australian Securities and Investments Commission (ASIC) with AFSL number 335692, it just a clone of the company INTERNATIONAL CAPITAL MARKETS PTY. LTD (IC Markets in short) which actually owns the reference number with normal operation. According to the regulatory information, the company's address is INTERNATIONAL CAPITAL MARKETS PTY, Level 4, 50 Carrington Street SYDNEY NSW 2000.

Elite Capitals claimed to be regulated by the ASIC

Finding results from the ASIC website

What exactly is the relationship between IC Markets and Elite Capitals？ Is Elite Capitals a real broker？ In order to protect investors' funds and prevent potential forex scams, the investigator of WikiFX decided to visit the site.

The investigator arrived at 50 Carrington Street with the guidance of navigation.

50 Carrington Street

Entering the building, the investigator saw IC Markets (4th floor) on the floor directory. To make the survey results accurate, the investigator went to the 4th floor for more information about Elite Capitals.

The floor directory

Unfortunately, no company worked here other than IC Markets. With no one at the front desk of the office, the investigator asked the building staff downstairs, who said they had never heard of Elite Capitals.

The office of IC Markets

This visit confirms that the broker Elite Capitals dose not really exist. Its claimed ASIC regulation is actually a clone of IC Markets. On the WikiFX APP, Elite Capitals only scored 1.19 and is shown under no regulation. Please pay attention to potential risks!

Elite Capitals only scored 1.19 on the WikiFX APP

So far, as a popular APP among investors, WikiFX has included profiles of more than 20,000 forex brokers around the world while integrating forum, exposure, query, news feed and other functions.

To protect fund safety, click here to download the APP: bit.ly/WIKIFX