DCM’s Staff Was Arrested with the Office in China Empty!

Today, WikiFX got a real news that another forex broker with less than 2 years of operation was arrested by the police for disqualified business. And WikiFX team paid a site visit to the broker.

It was told by the insider today that DCM's staff was arrested by team 3 of CID, Changning District Bureau on December 26th. And upon the news, WikiFX team visited the office of DCM in Shanghai as soon as possible.

The address of DCM's officein Shanghai read Room 2604, North Building of Huaning Plaza, Xuanhua Road No. 300, Changning District, Shanghai, to which WikiFX team paid a site visit.

North Building of Huaning Plaza

WikiFX team came to the north building of Huaning Plaza.

Room 2604, North Building, Huaning Plaza

Through the closed door of room 2604, we can see that the office was full of darkness.

The reception center of DCM

Apparently, there were no staff working in the office.

Inside the office

From the photo, the office was empty, full of darkness. It confirmed the news that DCM's staff was arrested. And WikiFX will continue to follow up the case.

Screenshot of DCM interface from WikiFX

With less than 2 years of operation, DCM held the NFA license which is limited to general financial service. And without the qualification of forex brokerage, the business of the broker in China is illegal.

Through the investigation, it is established that the staff of the company in China was arrested by the police.

Now, WikiFX has remarked the broker as “Stop Operation”.

Accordingly, it is advised that investors should keep themselves away from the broker, and that the users of DCM should withdraw their money quickly, and maintain their rights as soon as possible when faced with problems.