Recently many investors have been calling to WikiFX to expose brokers whose practical address is not consistent with regulatory address.In response to the strong demand of investors, the investigation team decided to go to this Malaysia licensed broker MXC GROUP to know the situation.
According to the regulatory information,Malaysia licensed company MXC GROUP is located at level 14(B)&(C) main office tower ,financial park complex ,jalan merdeka,87000 labuan F.T，which was surveyed by the investigation staff.
According to the regulatory information and GPS, the investigators walked alone the Jjalan Merdeka street,and a white building entered their sight.The Financial Park Complex is the destination that the investigators wanted to find,out of which they noticed hanged lots of national flags.Next to a shopping mall,this 17-story-high building is the highest building in Laban.The building is some of the age, each floor of which various in style.
The investigation team saw the beautiful scenery through the ground glass window.The whole lobby looks extraordinary against the beautiful scenery outside the building.After checking carefully,they found the Malaysia licensed company MXC GROUP is on the 14th floor.
The investigators entered the office and took the elevator to the 14th floor after registration.According to the company logo,they knew that the office on the 14（B&C） is not MXC GROUP but Regus Management.
To make sure the result,the investigators walked around the 14th floor and didn’t find the logo of MXC GROUP but logos of other companies.
One of the workers of Regus Management found them wandering around and required their purpose.After explaining the reason they came here, they were informed that there was the registration place of AL-HIDAYAH but no workers have been working here.It’s the same with many companies in this building.
After being regulated by the investigation team ,the practice address of Malaysia licensed company MXC GROU isn’t consistent with the regulatory address.It’s said that although the broker owns the full licence issued by LFSA,it is suspected to operate illegally.Since the broker isn’t under valid regulation,investors should carefully choose this broker whose score is as low as 1.14/10 on WikiFX.
Within 1 year | Regulated in Malaysia | Straight Through Processing(STP)<…
MX Capital Financial Limited
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