Company Information

Get to know Sonray Capital Markets

Sonray Capital Markets Pty Ltd was a Melbourne-based financial services firm founded in 2003, specializing in contracts for difference (CFDs), derivatives, and foreign exchange trading for retail and wholesale clients. The company grew rapidly but was placed into administration and liquidation in 2010 after the discovery of a massive trading shortfall and fraudulent activities. Investigations by the Australian Securities and Investments Commission (ASIC) revealed that the company's directors had engaged in illegal funding, false accounting, and theft, leading to a client fund shortfall of over $46 million. The collapse resulted in significant client losses and the eventual imprisonment of its directors, marking one of Australia's most significant financial services scandals.

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Forex Retail BrokerPRIMARY
Financial Other Service

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Sonray Capital Markets

Australia

Founded in

2003 (23 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/40

Reviews

--/60

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

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ASIC

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Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.