Reason for this visit

Australia boasts a profound trading culture and a world-recognized regulatory environment. Currency markets are very popular in the country. Australian top currency brokers reportedly have more daily trading volume than cash trades in Australian stocks. The participants in Australian forex market include banks, forex brokers, investment companies, individual investors, etc. As a forex market regulator, the Australian Securities and Investments Commission (ASIC) supervises the behaviors of all participants and the operation of markets such as financial service, securities, futures, forex, and others. The ASIC is committed to protecting investors rights and interests and help them avoid market risks by using more stringent regulatory systems. With the further development of financial market and economy in Australia, the local forex market will continue to grow. In an attempt to help investors or practitioners have a more comprehensive understanding of foreign exchange dealers in Australia, WikiFX survey team decides to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to Australia to visit broker ASX as planned according to its regulatory address that Level 5, 16-20 Bridge Street, Sydney NSW 2000.

The investigators came to 16-20 Bridge Street in Sydney, Australia for a visit to the brokers office on March 14, 2024, and located a modern commercial building at the bustling street, which is home to plenty of office buildings, convenient stores, and various restaurants. Boasting an immaculate surrounding environment, the building is easily accessible via public transport, appealing to a steady stream of people.

Upon arrival at the building for further investigation, the survey personnel spotted easily a directory in the lobby, which prominently displayed that ASX was situated on the 6th floor instead of the 5th floor. However, people weren‘t allowed to visit upstairs without an appointment in advance. Therefore, it’s unable to know the brokers office size and working environment.

Through the on-site investigation, its confirmed that the broker has a physical presence at the location.

Conclusion

The survey team went to Australia to visit broker ASX as scheduled, and found the companys name at its regulatory address. This denotes that the broker has a physical business office at the place. Meanwhile, investors are advised to make an informed decision following much deliberation.

Disclaimer

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