Recently many investors called WikiFX team hoping we could disclose more brokers with fake addresses. In order to meet investors’ demand, our investigation team were going to visit FORMAX in this episode.
According to the regulatory information, the company address of FORMAX is Level 7, 203 Queen StreeT Auckland Central Auckland. Our investigation staff visited the spot.
Guided by the regulatory information, the investigation staff found the office building in downtown smoothly. The staff entered the lobby and found a floor guide. After scrutinized it, the staff did not find any information about FORMAX.
Afterwards, the investigation staff arrived at the 7th floor. The company signboard at the corridor did not indicate the existence of FORMAX.
The investigation staff wandered around at the 7th floor and found three areas in the level, each belongs to a company. To ensure the authenticity, our staff asked a worker from one of the companies about FORMAX and was told enthusiastically that it had moved away.
It is confirmed that the broker is illegal and all of its regulation was proved to be invalid. The broker is on WikiFX Absconded Broker List, please beware of the risk!
It is ascertained by the investigation staff that the address of FORMAX is inconsistent with that from the regulatory information. Its alleged FCA STP licence(No.6242254) was suspected to be a cloned licence. It also overruns the business scope regulated by New Zealand FSPR licence(No.207987). As for the result, investors should deal with it in a discreet way in order to avoid fund loss.
Absconded | 5-10 years | Regulated in New Zealand | Financial Serv…
Formax International Market Limited
+44 (0)20 3819 3100
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