A Visit to KRG in Australia - Fake Address-KRG-WikiFX Field Survey-WikiFX

A Visit to KRG in Australia - Fake Address

Danger

Australia 2019-11-26

Macquarie Street, Sydney, South Australia, Australia

A Visit to KRG in Australia - Fake Address

Danger

Australia

Field Survey Time：2019-11-26

Inspection Reason

Recently, many investors called the inspection team hoping we could disclose more Australian brokers with fake addresses. In order to meet their demand, the investigation team went to visit KRG for a closer look.

Company Building

According to the regulatory information, the address of KRG in Australia is Suite 4 Level 10, 66 Hunter Street,Sydney NSW 2000. The investigation staff visited the spot.

The investigation staff successfully found this relatively old building.

Featured Photos

The survey personnel entered the building, checked the floor guide and did not find the name of KRG. In order to ensure the survey quality, the personnel took the elevator to the 10th floor. After walking around, they did not find KRG’s office or its logo on the floor.

Survey Conclusion

Based on the field survey, it is verified that the address of KRG in Australia is inconsistent with that from the regulatory information. The broker overruns the business scope regulated by ASIC Common Financial Service License（Non-FX license）(regulatory No.460940) and NFA Common Financial Service License（Non-FX license）(regulatory No.0508441).