Reason for this visit

Australia has a profound trading culture and a world-recognized regulatory environment. Currency markets are very popular there. Australia's top currency brokers reportedly have more daily trading volume than cash trades in Australian stocks. There are three trading sessions - Asia Pacific, Europe and the United States. Located in the Asia Pacific region, Australia is the first country to start trading forex and commodities during the day. Although the trading volume is relatively small at the beginning, due to the time difference, the addition of Japanese traders after a few hours can make the trading volume larger. The Europe trading session is the most traded in the global foreign exchange market. Australia is a country with abundant natural resources, rich in oil and coal, precious metals as well as grains. The physical trading of these products in global markets has led to a robust derivatives market, with active participation by both retail and institutional investors. Many exploration and production companies are publicly traded on the securities market, making Australian equities highly liquid and risky. In addition, many commodities are priced in USD, EUR and JPY, which contributes to a highly liquid currency trading environment. The physical delivery nature of Australia's thriving export market supports both spot and forward currency markets. Furthermore, China, which is one of Australia's largest trading partners and the world's second-largest economy, brings huge amounts of Australian natural resources into the country. China's influence as a consumer nation provides investors in the currency market with a natural trading partner. Demand for resources may provide a potential exchange rate basis for its currency. In order to help investors or practitioners have a more comprehensive understanding of foreign exchange dealers in Australia, the survey team is going to the country for on-site visits.

On-site visit

This time the survey team went to Australia to visit the foreign exchange dealer IG as planned. The survey address is Level 15, 55 Collins St, Melbourne, Victoria, 3000, Australia.

The survey personnel came to the destination of the current survey according to the above address. The office of IG is located on Collins Street, which is the main street in the city center of Melbourne, Australia. It runs east-west and is 2 kilometers long. It's also often considered Australia's First Street and has some of the best Victorian architecture in the country. The destination of this survey is a professional office park with a leisure plaza at the entrance. Several office buildings in the whole area are connected to each other, which is quite imposing.

The investigators found the dealer's office on the 15th floor. The dealer's logo is pasted on the glass of the front door. Due to the epidemic, the survey personnel were not able to enter the company, and only briefly took some pictures at the front desk. The investigators can see through the glass that there is a luxurious reception room, a small conference room, and about 5 offices, thus confirming the real existence of the dealer's office.

Conclusion

The investigators went to Australia to visit the foreign exchange dealer IG as planned, and the trader's logo can be found on the publicly displayed business address, indicating that the trader has a real business venue. Unfortunately, the survey personnel were not able to enter the company for internal visit, so the specific scale of its exhibition business is unknown. Investors are requested to make a sensible choice after careful consideration.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.