Inspection Reason
Recently, many investors called the inspection team, expressing their hopes for the inspection team exposing more brokers whose real addresses are inconsistent with the ones in their regulatory information. Given that, the investigators went to Australia for a direct look at AGCAP FX.
Company Building
AGCAP FX’s company address in the regulatory information is Level 2, 33-41 Agnes Street, East Melbourne VIC 3002. The inspection personnel carried out a field survey.
Early in the morning, the inspection personnel drove to the street shown in the regulatory information and had a hard time finding the small office building which is also quite old.
Featured Photos
Afterwards, the inspection personnel entered the ground floor lobby, and checked the floor guide by the elevator. They found that the office at Level 2 is not AGCAP FX’s, but belongs to a non-financial institution. Regretfully, the inspection personnel were not allowed to go upstairs to confirm it.
Conclusion
The inspection team’s field inspection confirms the actual address of the licensed broker AGCAP FX in Australia doesn’t match the address indicated in the regulatory information. The broker’s investment consulting license (RN 304508) issued by ASIC is suspected of being cloned. As the broker is not regulated sufficiently at present, investors are advised to be prudent when choosing this broker to do business.
Website:http://www.agcapfx.com/
2-5 years | Regulated in Australia | Investment Advisory License |
AGCAP PTY LIMITED
AGCAP FX
info@agcapfx.com
--
Australia
--
--
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.
For more comprehensive data
Please download WikiFX APP