Introduction

There is a very large number of regulated forex brokers in Australia, and in certain cases the regulatory addresses of different brokers are the same. In order to help investors know more about the brokers in Australia, this time the inspection team went to

Sydney, Australia to visit the broker ILLUZION as planned.

Regulatory Information

ILLUZION is AR licensed (the license has been canceled by now)by ASIC, with address at: 301 10 Bridge St Sydney NSW 2000.

Inspection Process

The team arrived at the office building located at 10 Bridge Street, Sydney. It is a new building and very conveniently located.

There is no logo or other information of ILLUZION on the directory in the lobby. To further confirm whether ILLUZION’s office is at Level 3, the inspection team went to Level 3, but didn’t find any logo of ILLUZION, instead, the logo of Alpha Securities is shown there. 

Conclusion

Through the on-site inspection, it is confirmed that at the address mentioned in the regulatory information there is no office of ILLUZION, which means the regulatory information is not true, but it should be noted the workplace bears the logo of Alpha Securities.The latest information shows that the dealer's license issued by ASIC has been canceled and the broker is currently under no regulation.Please be prudent if trading with this broker.

Disclaimer

The content is for information purposes only and it is not intended as a recommendation or advice.