Inspection Reason

Recently, investors called the inspection team, expressing their hopes for the inspection team exposing more Australian brokers, whose real addresses are inconsistent with the ones in their regulatory information. Given that, the investigators went to Australia for a direct look at Fxm.

Company Building

Fxm’s office address in the regulatory information is Level 6, 360 Collins Street Melbourne VIC 3000. The investigators carried out a field survey to this licensed broker.

Early in the morning, based on regulatory information and the map, the investigators drove to the building. In order to complete the survey as soon as possible, they immediately entered the building.

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The survey staff checked the floor guide, finding no information about Fxm.

As the survey procedures required, the staff took the elevator to the sixth floor and saw four company names on the guidance board. But none was Fxm. To ensure the accuracy of the survey, they went through this floor, but still couldn’t find the broker’s logo or office.

Inspection Conclusion

The investigators, based on the result of this field survey, confirmed that Fxm’s real address failed to match with the one in its regulatory information. Its MM license (license number: 391441) issued by Australian Securities & Investment Commission is a suspicious clone, so is its STP license (license number: 677530) by Financial Conduct Authority. Beside, the MM license (license number: 185/12) by Cyprus Securities and Exchange Commission is verified to be a clone.