The inspection team continued its survey campaign as part of the efforts to check the authenticity condition within the forex industry. By conducting on-site inspections to their claimed addresses, WikiFX aims to find out those bogus or dishonest firms, who would usually give themselves away under these checks. For this session, the inspection team came to Australia to visit a firm named Axi. The inspection team had previously came to decision that it was a bogus firm which imitates the established Australian broker AixTrader.
According to the company’s claimed licensing details, Axi had its head office at Level 10, 90 Arthur Street, North Sydney, NSW 2060. The inspection team sent its survey staff to this place.
Since its street number was very clear, the surveyors easily found their target -- a modern-looking office building with brown-texture walls as facade decorations.
The surveyors then entered the building. On a floor guide in the lobby, they found the name “AXICORP FINANCIAL SERVICES”. No doubt this could not be the office for the session’s target “Axi”, a fake entity, rather it should be the real company that “Axi” is intended to emulate -- AxiTrader. The fact that Axi’s claimed address led the surveyors here was self-evident that the entity falsely took the real company’s address for itself. The surveyors went to that floor, and did find AxiTrader’s logo and office.
The inspection team conducted a field survey to the bogus company Axi’s claimed address, and found the real company that it is intended to imitate (AxiTrader). That is the natural outcome of the fact that Axi misused/appropriated the real company’s licensing details. Axi claims to hold a full license (318232) from the Australian ASIC, and unsurprisingly this is also a false claim and it actually belongs to the real company AxiTrader.
2-5 years | Suspicious Regulatory License | Non MT4/5 Software | S…
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.