No restriction on the broker account. Provide service support by WikiFX
This broker bas been verified to be illegal and all of its licences have been expired, and it has been listed in WikiFX's Scam Brokers list; please be aware of the risk!
The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
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The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.
Current Status:Suspicious Clone
License Type:Investment Advisory License
Regulated in Country/AreaAustralia
Regulatory License No.：490542
Email Address of Licensed Institution :firstname.lastname@example.org
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :SuiTe 5 Level 1, 441 ST Kilda Road, MELBOURNE VIC 3004
Phone Number of Licensed Institution :1300880789
You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'
Established in 2016, ANC FX is the trading name of ANC Wealth Pty Ltd, a company located in Melbourne, Victoria, Australia. ANC FX says it offers an extensive range of trading products, including currencies, indices, stocks, and more.
Official Website Unavailable
Since ANC FXs official website cannot be accessible for the moment, we could only pick up some relevant information from some broker review websites to get a rough idea of this broker.
Tradable financial instruments available on the ANC FX platform include forex currency pairs, indices, stocks, and cryptocurrencies.
In terms of the minimum deposit requirement, ANC FX does not disclose this part. In most cases, most brokers would require traders to fund at least $100 or an equivalent amount to start trading.
No trading leverage information is found anywhere. Keep in mind that leverage can amplify gains as well as losses, so inexperienced traders are not advised to use the too-high lever.
Spreads & Commission
ANC FX says it provides competitive spreads for its clients, but it does not specify spreads on particular instruments.
Trading Platform Available
When it comes to trading platforms available, ANC FX does not make this part clear. However, one thing we can be sure of is that what ANC FX offers is not the famous MetaTrader platform.
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.