Inspection Reason

Some investors made phone calls to the inspection team for more information of Australia licensed brokers whose real address were not the same with its regulation address. In response to investors’ strong need, the survey personal went to MultibankFX in Australia to know more about it.

Office

According to the regulation information, the Australia licensed broker MultibankFX is located at Suite 5 Level 22, 219-227 Elizabeth Street Sydney NSW 2000. The survey personal then visited this place.

According to the regulatory information, the survey personnel found this old office building easily.

Selected Photos

The survey personnel entered the building and there was nothing about MultibankFX on the floor guide. Unsatisfied, our survey personnel took the elevator to the 22th floor. Since the office glass was not 100% transparent, the survey personnel couldn’t see any logo through the glass.

Conclusion

The visit by the survey personnel confirmed that the broker MultibankFX’s real address was inconsistent with its regulatory address. Although it has an AR license issued by ASIC (reference number 843796), its ASIC MM license (reference number 416279), CNMV license (reference number unknown), Virgin Islands FSC license (reference number SIBA/L/14/1068) and BaFin license are all suspected of being clones.