Reason for this visit

In the retail forex market, there are a good number of regulated dealers in Australia. Sometimes, it happens to one regulatory address registered with multiple brokers. In order to provide investors with more comprehensive information, the survey team this time visited GCM ASIA LTD, a broker based in Sydney, Australia.

Regulatory information

According to the regulatory information, the broker GCM ASIA LTD has the MM license issued by ASIC and located at Level 5, 20 Bond Street, SYDNEY NSW 2000. 

On-site visit

The survey team followed the address on the regulatory information to the office building at 20 Bond Street, Sydney, Australia. Outside the building, there was no logo of or other information of GCM ASIA LTD on the directory. To further verify whether the broker operates here, the team came to the 5th floor finding that it belongs to a shared office area. After consulting the reception staff, it was learned that there was was no such broker company working here. 

Conclusion

The survey team confirmed after the on-the-spot visit that there is no office of GCM ASIA LTD at the address mentioned in the regulatory information. Please be prudent when trading with this broker.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.