Recently, many investors called the inspection team hoping we could disclose more Australian brokers with fake addresses. In order to help them avoid investment traps, the investigation team went to YingLun for a closer look.
According to the regulatory information, the address of YingLun in Australia is Level 6, 360 Collins Street Melbourne VIC 3000. The investigation staff visited the spot.
Guided by the regulatory information and the GPS, the survey team successfully found this modern office building.
The field survey staff couldn't wait to enter the building and checked the floor guide on the electronic screen, which did not show any information about YingLun.
According to the previous experience, no information on the floor guide did not mean the actual address of this broker was inconsistent with its regulation address, so the surveyors took the elevator to the 6th floor. Still, there was no information about YingLun on the floor signboard. The survey team then walked through the entire floor, and found neither YingLun's office nor its logo. Regrettably, the inspection staff finished the trip.
It was confirmed after the surveyors’ inspection that the real address of YingLun in Australia was different from its regulation address. The broker’s two MM Licenses respectively issued by ASIC and CySEC and its STP License issued by FCA were suspected to be clones.
2-5 years | Suspicious Regulatory License | Non MT4/5 Software | S…
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