Mar 4 2021, 06:03 PM
QUOTE(boonjin @ Mar 3 2021, 11:27 PM)
AHH, no wonder. This is the reason why i find it weird when i try to search their reference number on the respective website .The FCA websites says that the they are No longer registered as an Appointed Representative Since 25/09/2020.
But however in the asic registers, i managed to find the SAMTRADE FX though. Abit confused about this.
https://connectonline.asic.gov.au/RegistryS...ate=84yhxn3ph_4
DId you see what license they register in ASIC ? But however in the asic registers, i managed to find the SAMTRADE FX though. Abit confused about this.
https://connectonline.asic.gov.au/RegistryS...ate=84yhxn3ph_4
Name: SAMTRADE FX LTD.
ARBN: 633 239 022
Registration date: 3/05/2019
Status: Registered
Type: Foreign Company (Overseas)
Locality of registered office: DONCASTER VIC 3108
Regulator: Australian Securities & Investments Commission
Date
Document No.
Document type
Pages
Uncertified
CertifiedA copy of a document from the ASIC Register that has certified in writing to be a true copy.
22/06/2020 030939674
Notification of Cessation of Agency (404B)
4
$17.00 Select uncertified document
$36.00 Select certified document
Example of XM Markets ASIC License
Name: THE AFSL PTY LTD
ACN: 608 984 078
ABN: 67 608 984 078(External Link)
Registration date: 27/10/2015
Next review date: 27/10/2021
Former name(s): MODE AFSL PTY LTD
Status: Registered
Type: Australian Proprietary Company, Limited By Shares
Locality of registered office: FORTITUDE VALLEY QLD 4006
Regulator: Australian Securities & Investments Commission
There's a next review date, I can only assume that Samtrade no longer holds an asic license. Due to this " Notification of Cessation of Agency (404B)"
And also ASIC has stipulated all Forex brokers to hold a valid Australian Financial Services License (AFSL), which brings them directly under the ASIC regulation.
Somehow dont see samtrade under afsl unlike XM
This post has been edited by veiven: Mar 4 2021, 06:45 PM
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