Reason for this visit
In the retail forex market, there are a good number of regulated dealers in Australia. Sometimes, it happens to one regulatory address registered with multiple brokers. In order to provide investors with more comprehensive information, the survey team this time visited GCMAsia, a broker based in Sydney, Australia.
According to the regulatory information, the broker GCMAsia has the MM license issued by ASIC and located at Level 5, 20 Bond Street, SYDNEY NSW 2000. The survey team thus decided to have an on-site visit to this regulatory address for confirmation.
The survey team followed the address on the regulatory information to the office building at 20 Bond Street, Sydney, Australia. The building looks quite modern in appearance. Entering the building, the team didn’t find the logo or other information of GCMAsia on the directory of lobby.
To further verify whether the broker operates here, the team came to the 5th floor finding that it belongs to a shared office area. After consulting the reception staff, it was learned that there was was no such broker company working here.
The survey team confirmed after the on-the-spot visit that there is no office of GCMAsia at the address mentioned in the regulatory information. Please be prudent when trading with this broker.
The content is for informational purpose only, and shall not be taken as final order for making choice.
2-5 years | Suspicious Regulatory License | MT4/5 White Label | Re…
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.