Inspection Reason

As part of its efforts to check the authenticity within the forex brokerage industry,The inspection team goes to New Zealand to for a field investigation of broker GGBINARY. 

Office

According to regulatory information, GGBINARY’s office in New Zealand is located at Level 2, 87-89 Albert Street, CBD, Auckland. The inspection team sent its survey team to this place for a field survey. 

The surveyors went to the street as indicated by the regulatory information and found the office building with trees in front of it without difficulty.

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The inspection team went into the building, but did not find GGBINARY’s name among a list of companies names on a large electronic board in the lobby. 

But to be sure, the surveyors still went upstairs to the exact floor as indicated by the address. However, the company was not found on the second floor either. 

The surveyors went to the office indicated by the address and found it locked. A post on the door said the room was open for rent.

Conclusion

The inspection team conducted a field survey according to the address claimed by GGBINARY, but did not find any of its physical presence there. The company claims to be holding a Financial Service Provider license (No. 371806) issued form the New Zealand FSPR, but we have observed signs that show it could be fraudulent and belong to another entity.