de | cn | ru

Market News

RoboForex Sets Roots in Australia, Registers New Company

RoboForex, the Forex broker based in New Zealand, is increasing its global footprint via the establishment of a new company in Australia. The new business is named RoboForex (AU) Pty Ltd and its current physical address is Dundas Valley NSW 2117. For those unfamiliar with the geography of the Land Down Under, we must clarify that Dundas Valley is a suburb of Sydney, so the broker is targeting one of the world's leading economic centers. 

 

RoboForex (AU) Pty Ltd has already managed to obtain registration with the Australian Securities and Investments Commission (ASIC) - the Australian company number (ACN) of the new business is 167235332, in case you fall for formalities. From the photo below you can see the passport of the company with ASIC.

 

 

Click on photo to enlarge.

 

The first steps towards the incorporation of RoboForex's Australian business were obviously made in the middle of December 2013. The date is close to the date when the broker announced the official launch of its operations in Cyprus – as some of you know, RoboForex (CY) Ltd started accepting clients in the last month of 2013. 

 

RoboForex has stepped up its expansion over the past months – the Cypriot business now runs a new office in London. Moreover, in January 2014, RoboForex became a member of the Hong Kong-based Financial Commission – a body for impartial resolution of disputes between brokers and their clients. 

 

The establishment of a new business in Australia enables RoboForex not only to tap a wide market for Forex services but also to make use of one of the mildest investment climates in the world. ASIC is strict but fair – although the capital requirements are rough, the watchdog does not impose any cap on leverage and allows hedging and scalping. In addition, the FIFO (first in, first out) rule which is in force in the United States, is not in place in Australia. 

 

This said, it should not come as a surprise that many Forex brokers have set their foot in the Land Down Under – amid those operating in the country for ages we can mention FXCM (through  FXCM Australia). More recently, Cypriot Forex broker XM has set up its own business in Australia. Apparently, the Land Down Under has more to offer than endless highways through the deserts, kangaroos, and great surf beaches. 

 

 

About RoboForex

 

RoboForex is an online forex brokerage firm registered in New Zealand that offers STP model with Bridge Technology to provide its clients both individuals and organizations with services in international financial markets. RoboForex LP is a member of the Financial Services Complaints Ltd. (FSCL) that provides resolutions to disputes amongst participating financial services providers and their clients. The broker offers excellent trading conditions: tight fixed and variable spreads, swap free accounts, leverage of up to 1:500 and fast execution carried out via the MT4, MT5 or cTrader platforms.

 

TAGS: roboforex  roboforex forex broker  roboforex australia  australian forex broker  asic  australian securities and investments commission  roboforex au pty ltd  roboforex australia  forex license  forex market  australia forex 

More news about RoboMarkets

Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
cTrader
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Hong Kong SFC MarketSpeed FX,
Trading Station
$1 Review

More Forex Market News

Crypto scammer Patrick McDonnell sentenced to 33 months of imprisonment

Jan 17 2020 14:54:19

Patrick McDonnell, CEO of Coin Drop Markets, was sentenced to 33 months in federal prison and also ordered to pay $224,350 in restitution, after pleading guilty to cryptocurrency fraud last year. The Federal court in Brooklyn issued the sentence on Thursday. Read more

UK's FCA expects up to 10% decline of profits in the forex industry

Jan 16 2020 17:47:56

The Financial Conduct Authority (FCA) expects that the new regulations imposed on the retail forex and CFD brokers in the UK will lead to an overall reduction of their profits of between 6% and 10% - a decline which by the year 2021 may reach between 38.5 million GBP and 55.3 million GBP. Read more

UK’s FCA updates its warning list with A.B.Capitals and LincolnFX

Jan 16 2020 16:48:27

  Another bunch of brokers have made it to the warning list of UK’s Financial Conduct Authority since the beginning of 2020. We’ll focus on two of them - A.B. Read more

Coinbase will pay $1 mln to victims of the Cryptsy hack attack

Jan 15 2020 18:06:18

Coinbase, the San Francisco based crypto exchange, has agreed to pay 962500 USD as a compensation  to victims of the Cryptsy hacker attack, in an out of court settlement, court papers reveal. Read more

Clients of FXFINPRO to be invited to file compensation claims

Jan 15 2020 14:32:03

  Clients of now-defunct forex brokerage FXFINPRO will be invited to submit compensation applications by the Investor Compensation Fund (ICF), the Cyprus Securities Exchange Commission (CySEC) announced on Monday. Read more

Australians were scammed for $42.5 mln in 2019 alone

Jan 14 2020 14:08:08

Australians have lost some 61.61 mln AUD (42.5 mln USD) in investment scams in 2019 alone, the latest data of the Australian Competition and Consumer Commission (ACCC) reveals. Read more

Chinese investors lost an average of $20k to crypto scams in 2019

Jan 14 2020 13:06:44

  Chinese crypto investors who have been scammed in 2019 reportedly lost nearly $20k each (134,522 yuan), according to the 2019 Cyber Fraud Trend Research Report, published previous week. Read more

Cobinhood suspends operations amidst exit scam rumors

Jan 13 2020 15:53:10

  Crypto exchange Cobinhood announced they’re shutting down temporarily last week to audit all accounts' balances. However, many suspect that the people behind the operation are actually pulling an exit scam. Read more

FCA to pay £2500 for misleading investor who lost £50000

Jan 12 2020 10:52:48

The Financial Conduct Authority (FCA) in the UK has been ordered to pay 2500 GBP to an investor who lost 50 000 GBP, because of an error on the FCA financial services register, the Financial Times reports. Read more

FCA becomes AML/CTF supervisor of crypto businesses in the UK

Jan 10 2020 16:08:30

  As of today, the UK Financial Conduct Authority (FCA) becomes supervisor of crypto-asset businesses for anti-money laundering and counter terrorist financing (AML/CTF) purposes. Read more

de | cn | ru