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 GCMAsia, a broker based in Sydney, Australia.

Regulatory information

According to the regulatory information, the broker GCMAsia has the MM license issued by ASIC and located at Level 5, 20 Bond Street, SYDNEY NSW 2000. The survey team thus decided to have an on-site visit to this regulatory address for confirmation.

On-site visit

The survey team followed the address on the regulatory information to the office building at 20 Bond Street, Sydney, Australia. The building looks quite modern in appearance. Entering the building, the team didn’t find the logo or other information of GCMAsia on the directory of lobby.  

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 GCMAsia 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.