Inspection Reason 

The inspection team continued its survey campaign as part of the efforts to check the authenticity condition within the forex industry. By conducting on-site inspections to their claimed addresses, WikiFX aims to find out those bogus or dishonest firms, who would usually give themselves away under these checks. For this session, the inspection team came to Australia to visit a firm named Axi. The inspection team had previously came to decision that it was a bogus firm which imitates the established Australian broker AixTrader. 

Office

According to the company’s claimed licensing details, Axi had its head office at Level 10, 90 Arthur Street, North Sydney, NSW 2060. The inspection team sent its survey staff to this place. 

Since its street number was very clear, the surveyors easily found their target -- a modern-looking office building with brown-texture walls as facade decorations.

 Featured Photos

The surveyors then entered the building. On a floor guide in the lobby, they found the name “AXICORP FINANCIAL SERVICES”. No doubt this could not be the office for the session’s target “Axi”, a fake entity, rather it should be the real company that “Axi” is intended to emulate -- AxiTrader. The fact that Axi’s claimed address led the surveyors here was self-evident that the entity falsely took the real company’s address for itself. The surveyors went to that floor, and did find AxiTrader’s logo and office. 

Conclusion

The inspection team conducted a field survey to the bogus company Axi’s claimed address, and found the real company that it is intended to imitate (AxiTrader). That is the natural outcome of the fact that Axi misused/appropriated the real company’s licensing details. Axi claims to hold a full license (318232) from the Australian ASIC, and unsurprisingly this is also a false claim and it actually belongs to the real company AxiTrader.