Inspection Reason

The investors have been requesting the inspection team to expose more black platforms in Australia. This time, the inspection team came to the potential office of MerchantFX in Australia to reveal the truth.

Office

According to regulatory information, MerchantFX should be located on Level 27, 25 Bligh Street, Sydney NSW 2000. The inspection team paid a site visit to the office.

The inspection team drove to the new office building guided by regulatory information, entered the building and took the elevator to the 27th floor.

Featured Photo

The inspection team did not find the name of MerchantFX on the signpost but found Gleneagle and its three subsidiaries (Rubix FX, Global Prime and Centennial Property Group) on the list.

The inspection team walked around and found Gleneagle Group occupied the whole floor. There was no office of MerchantFX.

Conclusion

The inspection team did not find the office of MerchantFX in Australia. Its Investment Advisor License (No. 226199) issued by ASIC is suspected to be bogus. It currently operates without any valid regulation.