Today we continue to hide the Australian black platforms that use business registration numbers (ACN, ABN) to impersonate currency regulation!

As we all know, any business regulated by ASIC Australian Securities and Investments Commission that is qualified to trade financial derivatives must have an Australian Financial Business License (AFSL).

The Advocacy Center has noticed a number of companies using ACN or ABN numbers to fool investors. In fact, ACN and ABN are just the most common registrations, and companies that only have ACN and ABN alone are not qualified to do financial derivatives.

Well, without further ado, I would like to present the material, "List of black platforms that use ACN and ABN to pretend to be regulated by ASIC". If there are any omissions, please add in the message area!

Knowledge point:

The full name of ACN is Australian Company Number, the Australian company registration code, a total of 9 digits. All enterprises in Australia must register ACN, which is equivalent to the domestic business registration.

ABN full name Australian Business Number, Australian company business code, a total of 11 digits (two-digit tax code + 9-digit ACN number). There is not necessarily an ABN, like some dormant companies do not have ABN, there is an ABN number there will be an ACN number.

The full name of AFSL is Australian Financial Services Licensee. It is usually a six-figure license. Only businesses engaged in financial services can have AFSL. The Australian regulatory number commonly referred to in the industry is the AFSL license number.

If a trader advertises that it is regulated in Australia with a 9 - or 11-digit number, there is something wrong with the company.