Inspection Reason

Recently, many investors hoped that the surveyor could disclose more Australian brokers with fake addresses. In order to meet their demand, the investigation team went to ECNTRADE in Australia for a closer look.

Company Building

According to the regulatory information, the address of ECNTRADE is Level 13, 2-26 Park Street, Sydney NSW 2000. The investigation staff visited the spot.

The investigators successfully found this modern building at the crossroads.

Then the survey personnel entered the new building through the revolving door. They checked the floor guide in the lobby and found nothing about ECNTRADE. However, they noticed that the 13th floor belonged to REGUS, the sharing office. 

Featured Photos

The surveyors took the elevator to the 13th floor and found ECNTRADE’s name on the signboard besides the elevator. 

In order to ensure the survey was accurate, the investigators entered the sharing office and asked the reception staff whether ECNTRADE worked here or not. The receptionist responded that ECNTRADE did work in the office.

Survey Conclusion

Based on the field survey, it is ascertained by the investigation staff that the address of ECNTRADE in Australia is consistent with that from the regulatory information. The broker held the MM License (regulatory No.388737) issued by Australian Securities and Investments Commission was operated in legal compliance.Please be wary of the broker.