Recently many investors called WikiFX team hoping we could disclose more New Zealand brokers with fake addresses. According to investors’ feedback and WikiFX’s work plan , our investigation team were going to visit Koderan in this episode.
According to the regulatory information, the company address of Koderan is Suite 12, 231 Dairy Flat Highway Albany Auckland. Our investigation staff visited the spot.
The investigation staff found the office building listed on the regulation information in a small business street.
The investigation staff entered the building and found the ground floor filled up with stores. Afterwards the investigation staff walked to the 2nd floor and saw four small companies operating in all. From the signboard on the office door the staff learned that the broker did not operate on this level. To ensure the accuracy of the investigation, our staff inquired of a worker from one of the companies whether Koderan has moved. The worker was ignorant of the broker.
The broker is unregulated currently, please beware of the risk!
The broker overruns the business scope regulated by New Zealand FSPR licence(No.404486), please beware of the risk!
The Belize IFSC licence(IFSC/60/466/FX/16) is an offshore licence, please beware of the risk!
According to current information, the broker’s MT4/5 servers are located in mainland China, please beware of the risk!
It is ascertained by the investigation staff that the address of Koderan is inconsistent with that from the regulatory information. Since the broker’s Belize IFSC licence(IFSC/60/466/FX/16) is an offshore licence and its New Zealand FSPR licence(No.404486) has been deregistered, investors should deal with it in a discreet way in order to avoid fraud.
2-5 years | Regulated in New Zealand | Regulated in Belize | Retai…
Koderan Forex Inc
+00 644 830 3419
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