Inspection Reason

Recently, many investors called the inspection team, expressing their hope for the inspection team exposing Australia’s brokers, whose real addresses are inconsistent with the ones in their regulatory information. Given that, the investigators went to Australia for a closer look at VANTAGE.

Company Building

VANTAGE’s office address in the regulatory information is Level 29, 31 Market Street, Sydney NSW 2000. The investigators carried out a field trip to this licensed broker. 

The survey personnel drove to the street stated in the regulatory information. Since house numbers on this street were more conspicuous, the personnel successfully found the company building.

Seen from the other side of the building, this was an old office building.

                                                                                   Featured Photo        

                                                                        The investigators then entered the building and first saw a company signboard with many companies. Have looked carefully through the board, they found the company on the 29th floor was Vantage FX, not VANTAGE. To ensure the survey quality, the personnel took the elevator to the 29th floor. But they only found Vantage FX and E2 Media worked on this floor after walking around.

Inspection Conclusion

The investigators, based on the result of the field trip, confirmed that VANTAGE’s real address failed to match with the one in its regulatory information. Its full licence (regulatory number: 428901) issued by Australian Securities and Investment Commission is suspected to be a clone one.