Reason for this visit

In the retail forex market, there are a good number of regulated dealers in Australia. Sometimes, it happens to one regulatory address registered with multiple brokers. In order to provide investors with more comprehensive information, the survey team this time visited Vantage Trades, a broker based in Sydney, Australia.

Regulatory information

According to the regulatory information, the broker Vantage Trades has the MM license issued by ASIC and located at Level 29, 31 Market Street, SYDNEY NSW 2000. 

In addition, the broker also holds the STP licenses issued by FCA and CIMA. 

On-site visit

The survey team followed the address on the regulatory information to an office building at 31 Market Street, Sydney, Australia, which is located on a quite busy street.

From the directory of lobby, it was learned that the 29th floor belonged to the office of a technology company, which was inconsistent with the regulatory information. Afterward, the team decided to take the lift to Level 29, but didn’t make it as they found an access card was needed. The team had no choice but returned.

Conclusion

The survey team didn’t find the logo of Vantage Trades on the directory of building. And they failed to reach the floor at which the broker Vantage Trades’s office is supposed to reside. Therefore, there is no way to confirm whether there is an office place of Vantage Trades or not at the address mentioned in the regulatory information, and the business size and operation status of the broker remain unknown. Please be prudent if trading with this broker.

Disclaimer

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