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    A Visit to Forex Broker Elite Capitals in Australia

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

      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.

    1-1.jpg

      Elite Capitals claimed to be regulated by the ASIC

    1-2.jpg

      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.

    4.jpg

      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.

    2.jpg

      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.

    3.jpg

      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!

    5.jpg

      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

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