WikiFX has received calls from investors asking for more disclosure of traders whose address is not true. Therefore, WikiFX asked its inspection team to pay a site visit to PanBay for a intuitive picture of the company.
According to regulatory information, the UK licensed broker PanBay is located on 68 Lombard street London EC3v 9LJ. The inspection team of WikiFX paid a site visit to the office.
According to the regulatory address and the result given by map navigation, the inspection team came to 68 Lombard street, and found the office building where the inspection team was about to pay a site visit to.
The inspection team came to the office building and found a floor directory on the ground floor with company names crowded on it. The surveyors searched carefully for several times but didn’t find PanBay’s name on the directory.
The surveyors then inquired the receptionist on the ground floor of the office building whether PanBay’s office is located in the office building or not. As was informed by the receptionist, there was no PanBay’s office in the office building.
【Risk Warning 】
As is confirmed, the trader is not under effective regulation. Please pay attention to the risk.
The regulatory status of FCA is abnormal ( regulatory number: 789078). As is announced by the regulatory organization, PanPay’s regulatory status is cancellation. Please pay attention to the risk.
CIMA’ regulation with the regulation number 1501500 is the offshore regulation by the island country. Please pay attention to the risk.
The WikiFX inspection team confirmed that the UK office of PanyBay is not real exist. As is informed, the company’s regulatory status is abnormal. Its puported regulation by CIMA cannot rule out its suspicion of being a clone company who misuses, misappropriates or imitates the license of a legitimate company. The company’s suspicion of absconding with investors’ payments cannot be ruled out as well. The surveyors remind investors to pay close attention to the change of PayBay’s regulatory information and choose the company carefully.
1-2 years | United KingdomRegulation | License Suspected | White-l…
PanBay Share LIMITED
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