The inspection team continued its survey campaign as part of its efforts to check the authenticity condition within the industry. For this session, the inspection team went to Australia to visit a broker named BGP.
According to its registered address, BGP has its head office at Level 10, 379 Collins Street, Melbourne. The inspection team went there for a visit.
As the house number of the building indicated by the given address was very eye-catching, the surveyor had no trouble finding this modern office building.
By coincidence, the surveyors saw the building’s house number sign again in a corner of the building.
The surveyors then entered the office building from the main entrance and checked the floor guide in the lobby of the ground floor. This guide did not show any information about BGP. To double-check, the survey staff still took the trouble to go to Level 10 as was indicated by the company’s purported address and, on a company sign in the corridor there, it was another no-show.
The surveyors then walked around on the Tenth Floor without seeing either the company’s logo or its office, regrettably ending the tour.
A field survey did not find BGP’s physical premises at the place where the company purports to be operaing from. The company claims to hold a full license (290108) from the ASIC, but a check with the regulator shows that the claim could be untrue, as these licensing and registration details belong to another entity.
Scam Brokers | 2-5 years | Suspicious Regulatory License | Counter…
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.